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| Home : SPoT Coffee Closes Financing |
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Nov 25
2011 |
SPoT Coffee Closes Financing |
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TORONTO, ONTARIO--(Marketwire - Nov. 25, 2011) - SPOT COFFEE (CANADA) LTD. (TSX VENTURE:SPP) ("SPoT" or the "Company") is pleased to announce that it has closed its previously announced private placement for total proceeds of $500,000 at a price of $0.15 per unit (each a "Unit"). Each Unit consists of one common share in the capital of SPoT (a "Common Share") and one-half of one common share purchase warrant (a "Warrant"). Each whole Warrant entitles the holder to acquire one additional Common Share at a price of $0.20 for a period of two years from closing. The Common Shares and Warrants issued in connection with the private placement are subject to a statutory four-month hold period in accordance with applicable securities laws, which will expire on March 26, 2012. |
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| Source:http://www.marketwire.com/mw/release.do?id=1591316&sourceType=3 |
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