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| Home : Yangaroo Announces Closing of Private Placement |
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Aug 26
2014 |
Yangaroo Announces Closing of Private Placement |
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TORONTO, ONTARIO--(Marketwired - Aug. 26, 2014) - YANGAROO Inc. (TSX VENTURE:YOO) (OTCBB:YOOIF), the industry's leading secure digital media distribution company (the "Company"), announces that it has completed its brokered private placement financing (the "Private Placement") of common shares (the "Shares") sold at a price of $0.30 per Share, as was previously announced in a news release dated June 25th, 2014 (the "June 25 Release"). In the June 25 Release, the Company announced that, on the advice of TSX Venture Exchange (the "Exchange"), it was opening the Private Placement to accommodate a single investor, namely Killbear Acquisition Corp., a capital pool company whose subscription for the Shares would constitute its qualifying transaction (the "Qualifying Transaction") pursuant to the policies of the Exchange. The Company raised gross proceeds of CAD $300,000.00 (the "Proceeds"), which the Company will use primarily for working capital and accelerating growth in the advertising division. 1,000,000 Shares were issued. |
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| Source:http://www.marketwired.com/mw/release.do?id=1941425&sourceType=3 |
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