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| Home : TrueContext Mobile Solutions Corporation Announces An Additional Close as Part of a Private Placement of up to $4.0 Million |
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Feb 22
2012 |
TrueContext Mobile Solutions Corporation Announces An Additional Close as Part of a Private Placement of up to $4.0 Million |
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OTTAWA, ONTARIO--(Marketwire - Feb. 22, 2012) - TrueContext Mobile Solutions Corporation (TSX VENTURE:TMN) ("TrueContext" or the "Company"), a mobile data solutions company, today announced that it has issued an aggregate of 2,777,778 units at $0.18 per unit (each unit consisting of one common share and one-half of one common share purchase warrant) for gross proceeds of $500,000 as part of a non-brokered private placement. Each whole common share purchase warrant will entitle the holder thereof to acquire one common share at an additional purchase price of $0.30 per share at any time up to June 30, 2014. Unless permitted under applicable securities legislation, the common shares and common share purchase warrants comprising the units may not be traded before June 23, 2012. |
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| Source:http://www.marketwire.com/mw/release.do?id=1623163&sourceType=3 |
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