Key Developments: 37 Capital Inc (HHHEF.PK)

HHHEF.PK on OTC Markets Group

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14 Aug 2014
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Latest Key Developments (Source: Significant Developments)

High 5 Ventures Inc Closes $113,250 First Tranche-Canada Stockwatch News
Thursday, 10 Jan 2013 06:44pm EST 

Canada Stockwatch News reported that further to the announcement made earlier, High 5 Ventures Inc (the Company) has closed the first tranche of the non-brokered private placement and it has issued a total of 755,000 units at 15 cents per unit for total proceeds of $113,250. Each unit consists of one common share in the capital of the Company and one share purchase warrant to purchase an additional common share in the capital of the Company at an exercise price of 25 cents per common share until January 7, 2016. The units issued have a hold period expiring on May 8, 2013. Isabel A. Kalpakian has acquired, on a private placement basis, 685,000 units of High 5 at the price of 15 cents per unit, where each unit consists of one common share of High 5 and one warrant exercisable for three years to purchase one additional common share of High 5 at the price of 25 cents until January 7, 2016. After the acquisition of the units, Ms. Kalpakian now owns 837,046 shares, representing 45% of the issued and outstanding common shares of High 5 as at Jan. 10, 2013, and 685,000 warrants, representing 70.82 per cent of the issued and outstanding warrants of High 5 as at January 10, 2013. Including the shares to be acquired upon exercise of all of the warrants by Ms. Kalpakian, Ms. Kalpakian would own 1,522,046 common shares, representing 59.81 per cent of the issued and outstanding common shares of High 5 as at January 10, 2013.  Full Article

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