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| Home : Vinergy Resources Increases Private Placement to USD $400,000 |
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May 17
2017 |
Vinergy Resources Increases Private Placement to USD $400,000 |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 16, 2017) - Vinergy Resources Ltd. ("Vinergy" or the "Company") (CSE:VIN)(CSE:VIN.CN)(OTCQB:VNNYF) in conjunction with its proposed acquisition of MJ Biopharma (announced December 14, 2016) is pleased to announce that, due to increased demand, the non-brokered private placement offering announced on May 11, 2017 has been increased to USD $400,000. The Company will now issue up to 800,000 units (the "Units") at a price of USD $0.50 per Unit for gross proceeds of up to USD $400,000 (the "Offering"). Each Unit will consist of one common share in the capital of the Company (a "Share") and one transferable common share purchase warrant (a "Warrant"), with each Warrant exercisable into one additional Share at a price of USD $1.00 for a period of three years from the date of closing (subject to acceleration in certain circumstances). |
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| Source:http://www.marketwired.com/mw/release.do?id=2216733&sourceType=3 |
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