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| Home : True North Gems Announces $1.5 Million Private Placement Financing |
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Dec 27
2013 |
True North Gems Announces $1.5 Million Private Placement Financing |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 27, 2013) - True North Gems Inc. (TSX VENTURE:TGX) ("True North" or the "Company") is pleased to announce that it will be conducting a non-brokered private placement equity financing under which it intends to issue up to 16,666,667 units at a price of $0.09 per unit for gross proceeds of up to $1,500,000. Each unit will be comprised of one common share of the Company and one-half of one common share purchase warrant, with each full warrant exercisable for two years for an additional share at a price of $0.12. The securities to be issued under the financing will be subject to a four month hold period. The terms of the financing are subject to the approval of the TSX Venture Exchange. |
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| Source:http://www.marketwired.com/mw/release.do?id=1865377&sourceType=3 |
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