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Provider: Wright Reports
Provider: Reuters Investment Profile
Provider: Thomson Reuters Stock Report

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TrinCan Capital Corp Announces 7,500,000 Unit Non-Brokered Financing

Tuesday, 2 Jul 2013 04:30pm EDT 

TrinCan Capital Corp announced a proposed non-brokered private placement (the Private Placement) of up to 7,500,000 units of the Corporation (Units) at a price of $0.07 per Unit for aggregate gross proceeds of up to $525,000. Each Unit shall consist of one common share of the Corporation (a Common Share) and one-half of one Common Share purchase warrant (each whole such warrant, a Warrant). The Warrant will not be listed. Each whole Warrant shall be exercisable for one Common Share at a price of $0.15 per Common Share for a period of two years following closing on July 31, 2015. All securities in the Private Placement will be subject to a four month hold period from the closing of the Private Placement. Agents may be paid a finder's fee of up to 10% of the aggregate subscription secured by such agents pursuant to the Private Placement. Closing of the Private Placement is not subject to a minimum aggregate amount but shall be subject to receipt of all required regulatory approvals. The proceeds of the Private Placement will be used for general working capital purposes. An initial Closing of the Private Placement is expected to occur on or about July 20, 2013 but in any event on August 1, 2013. 

Company Quote

23 Dec 2014