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Provider: Reuters Investment Profile
Provider: GlobalData

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Bluestone Resources Inc Arranges $500,000 Private Placement-Canada Stockwatch News

Thursday, 21 Mar 2013 07:19pm EDT 

Canada Stockwatch News reported that Bluestone Resources Inc intends to complete a non-brokered private placement of up to five million units at a price of 10 cents per unit for gross proceeds of $500,000. Each unit will consist of one common share and one common share purchase warrant. Each whole common share purchase warrant will be exercisable into one common share for a period of two years from closing at a price of 15 cents per share, subject to the Company's right to accelerate the exercise of the warrants if the daily volume-weighted average trading price of the common shares of the Company on the TSX Venture Exchange is equal to or exceeds 40 cents for a period of 10 consecutive trading days during the term of the warrant, commencing four months after the date the warrants are issued. The terms and completion of the private placement are subject to TSX Venture Exchange approval. All securities issued in the private placement will be subject to a four-month hold period from the closing of the private placement. The company may pay finders' fees in connection with the private placement. The Company intends to use the proceeds of the private placement for general working capital purposes. 

Company Quote

15 Dec 2014