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| Home : True North Gems Completes Partial Close of Second Tranche Financing for $2.4 Million |
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Jun 14
2013 |
True North Gems Completes Partial Close of Second Tranche Financing for $2.4 Million |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 14, 2013) - True North Gems Inc. (TSX VENTURE:TGX) ("True North" or the "Company") is pleased to announce the partial closing of the second tranche of its previously announced financing, for an amount of $2,441.964.39 through the sale of 27,132,938 Class A shares ("Shares"). The remainder of the second tranche is expected to close by the end of June 2013. As part of the closing, the Company also paid a commission of $122,098.22 and issued 813,989 broker warrants to Casimir Capital LP ("Casimir"), with each broker warrant exercisable for 36 months for an additional Share at a price of $0.09 per share. The securities issued under the closing will be subject to a hold period and may not be traded until October 14, 2013, except as permitted by Canadian securities legislation and the TSX Venture Exchange. |
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| Source:http://www.marketwire.com/mw/release.do?id=1802012&sourceType=3 |
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