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| Home : SPoT Coffee Obtains Commitments for $1,500,000 in Equity Financing |
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Jan 03
2015 |
SPoT Coffee Obtains Commitments for $1,500,000 in Equity Financing |
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TORONTO, ONTARIO--(Marketwired - Jan. 2, 2015) - SPOT COFFEE (CANADA) LTD. (TSX VENTURE:SPP) ("SPoT" or the "Company") is pleased to announce that the Company has obtained commitments for a private placement financing of units (each an "Equity Unit"), which will result in total proceeds of $1,500,000. Investors under the equity financing will be issued 30,000,000 Equity Units at a price of $0.05 per Equity Unit, with each Equity Unit consisting of one common share of SPoT (a "Common Share") and one-half of one common share purchase warrant. Each whole warrant issued from the equity financing will entitle the holder to acquire one additional Common Share at a price of $0.075 for a period of 4 years from closing. All of the Common Shares and warrants issued in connection with this financing are subject to a statutory four-month hold period in accordance with applicable securities laws. . |
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| Source:http://www.marketwired.com/mw/release.do?id=1980034&sourceType=3 |
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