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| Home : PharmaGap Announces Completion of Oversubscribed Private Placement, Total Amount Raised $1,034,165 |
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Mar 14
2011 |
PharmaGap Announces Completion of Oversubscribed Private Placement, Total Amount Raised $1,034,165 |
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OTTAWA, ONTARIO--(Marketwire - March 14, 2011) - PharmaGap Inc. (TSX VENTURE:GAP)(OTCBB:PHRGF) ("PharmaGap" or "the Company") announced today that it has received further subscriptions for the final closing of the previously announced private offering of equity units (the "Units") in the amount of $198,440, bringing the gross aggregate amount for the full private placement to $1,034,165. A total of 1,804,000 units will be issued in the final closing at a price of $0.11 per Unit, bringing the total number of Units issued in the full private placement to 9,401,500. The final subscription amount exceeds the originally announced goal of the private placement by 310,591 Units and $34,165. Each Unit consists of one common share and one warrant to purchase one common share at an exercise price of $0.16 per common share with a two year warrant term. The final closing of this private placement, anticipated to occur lat |
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| Source:http://www.marketwire.com/mw/release.do?id=1410563&sourceType=3 |
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