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


Thursday, 15 Aug 2013 05:29pm EDT 

TrinCan Capital Corp announced a revised proposed non-brokered private placement of up to 7,500,000 units of the Corporation at a price of $0.05 per Unit for aggregate gross proceeds of up to $375,000. Each Unit shall consist of one common share of the Corporation and one-half of one Common Share purchase warrant. The Warrant will not be listed. Each whole Warrant shall be exercisable for one Common Share at a price of $0.10 per Common Share for a period of one year following closing. 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 subscription amount but shall be subject to receipt of all required regulatory approvals. It is anticipated the closing will occur on or about August 30, 2013. The proceeds of the Private Placement will be used for general working capital purposes. The Units will be issued to purchasers pursuant to exemptions from the prospectus requirements of applicable securities legislation and will be subject to resale restrictions, as required under the applicable securities legislation. An additional 3,750,000 Common Shares will be reserved for issuance on exercise of the Warrants. After giving effect to a fully subscribed Private Placement. 

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7 Jan 2015