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| Home : StorageVault Closes $1,000,000 Unit Financing |
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Feb 25
2014 |
StorageVault Closes $1,000,000 Unit Financing |
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REGINA, SASKATCHEWAN--(Marketwired - Feb. 25, 2014) - STORAGEVAULT CANADA INC. ("StorageVault") (TSX VENTURE:SVI): Further to a press release dated February 5, 2014, StorageVault is pleased to announce that StorageVault has completed its non-brokered private placement of a combination of half warrant units (each, a "Half Warrant Unit") and full warrant units (each, a "Full Warrant Unit") at a price of $0.30 per either a Half Warrant Unit or a Full Warrant Unit for aggregate gross proceeds of $1,000,000 (3,333,333 units) (the "Offering"). A total of $850,000 of Full Warrant Units (2,833,334 units) and $150,000 of Half Warrant Units (499,999 units) were issued pursuant to the Offering. Each Half Warrant Unit is comprised of one common share ("Common Share") in the share capital of StorageVault and one-half (1/2) of one Common Share purchase warrant (a "$0.35 Warrant") with each whole $0.35 Warrant being exercisable for four years from the closing of the Offering into one Common Share at an exercise price of $0.35 per share. Each Full Warrant Unit is comprised of one Common Share and one full Common Share purchase warrant (a "$0.37 Warrant") with each $0.37 Warrant being exercisable for four years from the closing of the Offering into one Common Share at an exercise price of $0.37 per share. |
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| Source:http://www.marketwired.com/mw/release.do?id=1882659&sourceType=3 |
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