Heavy Machinery & Vehicles

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Grande West Transportation Group Inc announces brokered private placement

Wednesday, 16 Jul 2014 09:30am EDT

Grande West Transportation Group Inc:Enters into an engagement letter with Wolverton Securities Ltd. and Euro Pacific Canada, Inc. (together, the Agents), as co-lead agents, to sell, on 'commercially reasonable efforts' private placement basis, up to 6,000,000 units (Units).Says at price of C$0.50 per Unit, for aggregate gross proceeds to Grande West of up to C$3,000,000, or such greater amount of Units as the Company and the Agents may agree.In addition, the Company has granted agents an over-allotment option to solicit and accept subscriptions for additional units, up to maximum of 25 pct of the units sold in private placement.Each unit shall consist of one common share of the company and half of one non-transferable share purchase warrant (each whole warrant, Warrant).Each Warrant shall then entitle the holder thereof to acquire one additional common share for period of 24 months from closing date of the private placement at an exercise price of C$0.65.Net proceeds private placement will be used to fund advance purchase of up to 15 Vicinity buses, both 27.5 and 30 foot models, to be held as inventory available for sale.Extensive market analysis conducted by the Company has demonstrated that there is customer demand for Vicinity buses that are available for quicker delivery rather than having to place a specific order in production run.

Cimmco Ltd allots preference shares

Tuesday, 8 Jul 2014 09:00am EDT

Cimmco Ltd:Says allotment of 15,000,000 - 8pct non cumulative non convertible redeemable preference shares of 10 Indian Rupees each by the committee of directors at its meeting held on July 08 to a promoter group entity.

Cimmco Ltd announces issue and allotment of 8 pct. non cumulative redeemable preference shares to promoter group entity

Sunday, 29 Jun 2014 10:58pm EDT

Cimmco Ltd:Says that paid up share capital of the company has been increased from 201,485,260 Indian rupees to 451,485,260 Indian rupees divided in to 20,148,526 equity shares of 10 Indian rupees each.And 25,000,000 8 pct. non cumulative non convertible redeemable preference shares of 10 Indian rupees each pursuant to allotment of latter by committee of directors (which had been delegated power for purpose) at its meeting held on June 28.

EVERDIGM to dispose treasury shares

Sunday, 1 Jun 2014 08:42pm EDT

EVERDIGM Corp:To sell 5,000 shares of common stock during the period from June 2 to June 3.Offering price of 4,450 won per share, or 22,250,000 won in total.


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