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| Home : PUDO Inc. Announces $1.375 Million Private Placement |
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Jan 23
2016 |
PUDO Inc. Announces $1.375 Million Private Placement |
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TORONTO, ONTARIO--(Marketwired - Jan. 22, 2016) - PUDO Inc. ("PUDO" or the "Company") (CSE:PDO)(OTCQB:PDPTF) is pleased to announce that it proposes to raise up to $1.375 million through a non-brokered private placement (the "Offering") of units of the Company (each, a "Unit") at a price of $2.50 per Unit. Each Unit will consist of one (1) common share (each, a "Common Share") and one-half of one (1/2) common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Warrant is exercisable to acquire one (1) Common Share (each, a "Warrant Share") at a price of $4.00 for a period of 12 months following the issuance date, provided that if after four (4) months and one (1) day following the closing of the Offering, the closing price of PUDO's Common Shares on the Canadian Securities Exchange (the "CSE") is equal to or greater than $4.80 for 14 consecutive trading days, then the Company may accelerate the expiry date of the Warrants by disseminating a press release and in such case the Warrants will expire on the 20th business day after the date on which such press release is disseminated by the Company. |
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| Source:http://www.marketwired.com/mw/release.do?id=2090530&sourceType=3 |
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