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TORONTO, ONTARIO--(Marketwired - May 30, 2013) - Solutions4CO2 Inc. ("S4CO2" or the "Company") (TSX VENTURE:SFC) is pleased to announce, in compliance with TSX Venture Exchange ("TSXV") policies, the closing of its previously-announced, non-brokered private placement for gross proceeds of C$571,500 (the "Private Placement"). Pursuant to the Private Placement, the Company issued 3,810,000 units (the "Units") at C$0.15 per Unit. Each Unit consisted of one common share ("Common Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to purchase one Common Share at a price of C$0.20 until April 17, 2016, for 1,600,000 Warrants and until May 30, 2016 for 305,000 Warrants. The Common Shares issued are subject to a four-month-plus-one-day hold period that expires on August 18, 2013 for 3,200,000 Common Shares and on October 1, 2013, for 610,000 Common Shares. |
