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Uniserve Communications Corp Secures Financing / $300,000 Unit Private Placement At $0.05 Per Unit

Tuesday, 19 Feb 2013 09:01am EST 

Uniserve Communications Corp announced that it has secured $650,000 in short-term loans. The funds have been advanced and are being used for working capital. These loans carry an interest rate of 12% per annum with interest payable monthly and a share bonus payable of 15% at a deemed price per share of $0.10 per share, for a total share bonus of 975,000 common shares. The Company further announced that it has agreed to raise up to $300,000 and issue up to 6,000,000 Units at $0.05 per unit, each unit consisting of one common share and one transferable share purchase warrant. One warrant will be exercisable for one additional common share at $0.10 per share for a period of two years. The proceeds of this private placement will be used for general working capital. 

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-0.0050 -12.50%
16 Apr 2014