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Provider: Reuters Investment Profile

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Infrastructure Materials Corp Announces Non-Brokered Private Placement

Friday, 9 Aug 2013 09:20am EDT 

Infrastructure Materials Corp announced that an arrangement of a non-brokered private placement of up to 33,333,333 common shares at a price of CAD $0.015 per common share for total gross proceeds of approximately CAD $500,000 (the Private Placement or the Offering). The price per common share has been set at the last trading price on the TSX Venture Exchange (the Exchange) before the issuance of this release. The Private Placement is being completed pursuant to the temporary relief measures with respect to certain pricing requirements as set out in the Exchange's Corporate Finance Bulletin dated April 12, 2013 (the Bulletin). Assuming that the Private Placement is fully subscribed, upon completion of the Offering, Infrastructure will have an aggregate of 132,268,819 common shares issued and outstanding. The Private Placement is subject to TSX Venture Exchange acceptance. It is currently anticipated that the Private Placement will have a closing on August 20, 2013. 

Company Quote

-0.0050 -50.00%
26 Aug 2014