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TORONTO, ONTARIO--(Marketwire - Sept. 28, 2012) - SPOT COFFEE (CANADA) LTD. (TSX VENTURE:SPP) ("SPoT" or the "Company") is pleased to announce a proposed private placement of up to 5,555,555 units ("Units") at a price of $0.18 per Unit for aggregate gross proceeds of up to $1,000,000. Each Unit will consist of one common share of SPoT (a "Common Share") and one-half of one common share purchase warrant (a "Warrant"). Each whole Warrant will entitle the holder to acquire one additional Common Share at a price of $0.25 for a period of 3 years from closing. |
