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VRX Worldwide Inc Announces Non-Brokered Private Placement


Friday, 11 Oct 2013 09:00am EDT 

VRX Worldwide Inc announced that it will complete a non-brokered private placement of up to 10,000,000 common shares at a price of $0.05 per Share for gross proceeds of up to $500,000. The Shares will be made available by way of a private placement exemption to accredited investors (as such term is defined in National Instrument 45-106 - Prospectus and Registration Exemptions) in Canada and to certain other qualified investors as the Company may agree. In connection with the Offering, the Company will pay a finder's fee in cash equal to 8% of the gross proceeds of the offering, and will issue finders' warrants exercisable to purchase such number of common shares as is equal to 8% of the number of Shares issued in the offering, at a price of $0.10 per Share, for a period of 12 months from the closing of the Offering. 

Company Quote

0.075
-0.015 -16.67%
3:47pm EDT