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SAINT JOHN, NEW BRUNSWICK--(Marketwired - Nov. 25, 2015) - Stompy Bot Corporation ("Stompy Bot" or the "Corporation") (CSE:BOT) announces that it intends to issue up to 25,000,000 units of the Corporation (the "Units") at a price of $0.08 per Unit, for total gross proceeds of approximately $2,000,000 (the "Private Placement"). Each Unit will be comprised of one common share (a "Common Share") and one Common Share purchase warrant (a "Warrant"), each Warrant entitling the holder thereof to acquire a Common Share at a price of $0.12 per share for a period of eighteen (18) months from the date of issuance. The Private Placement is scheduled to close on or about December 3, 2015 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Canadian Securities Exchange. |
