Westbond Enterprises Corp Announces Closing Of Private Placement
Westbond Enterprises Corp announced that it has closed the first tranche of its previously announced non-brokered private placement of common shares (the Offering). The Company issued 14,875,000 common shares at a price of $0.08 per common share, raising aggregate gross proceeds of $1,190,000. The net proceeds of the Offering will be used to purchase plant and equipment to vertically integrate and expand the Company's manufacturing of paper products.
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