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| Home : Troymet Announces Private Placement |
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Aug 21
2013 |
Troymet Announces Private Placement |
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CALGARY, ALBERTA--(Marketwired - Aug. 20, 2013) - Troymet Exploration Corp. (TSX VENTURE:TYE) ("Troymet"), is pleased to announce that Troymet intends to complete a non-brokered private placement for aggregate gross proceeds of up to $885,600 consisting of 88,560,000 units of the Corporation ("Units") issued at a price of $0.01 per Unit with each Unit comprised of one common share ("Common Share") in the share capital of the Corporation and one-third (1/3) of one Common Share purchase warrant (a "Warrant"). Each full Warrant is exercisable for one year from closing into one Common Share at $0.05 per share and at $0.10 per share in the second and third year from closing. A finder's fee of up to 8% of the gross proceeds of the private placement may be paid in cash or Common Shares on all or any portion of this private placement. Additionally, finder's warrants, exercisable into Common Shares of Troymet, may be issued in an amount up to 8% of the number of Units sold under this private placement. The finder's warrants will be exercisable into Common Shares at a price of $0.05 per Common Share for a period of one year from the date of issuance of the finder's warrants. Any shareholder interested in participating in the financing should contact the Company. |
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| Source:http://www.marketwire.com/mw/release.do?id=1822928&sourceType=3 |
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