Business
WAVEFIRE ANNOUNCES CLOSING OF $2.5 MILLION FINANCING AND REACTIVATION ON TSX VENTURE EXCHANGE
WAVEFIRE ANNOUNCES CLOSING OF $2.5 MILLION FINANCING AND REACTIVATION ON TSX VENTURE EXCHANGE
About this update from Argenta Silver Corp
[{"type":"text","content":"\n\n\n\n Oct. 29, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nNOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S.\n WIRE SERVICES\n\n\nCALGARY, Oct. 29 /CNW/ - Wavefire.com Ltd. (the "Company") (TSXV-WAF.H)\n is pleased to announce that further to its news release of May 18,\n 2010, it has closed its $2.5 million non-brokered private placement.\n Under the private placement the Company issued 14,705,882 common shares\n at $0.17 per share to Victor Redekop, the Chairman and a director of\n the Company.  Mr. Redekop now holds 42.9% of the outstanding common\n shares of the Company.\n\n\nThe proceeds of the financing will be used to fund the testing and\n completion of the Kirkwall 5-20-27-5 W4 well, which was successfully\n drilled in December 2009 and currently stands cased awaiting\n completion. Completion operations and extended flow testing of the\n well is expected to begin later this month.  The proceeds will also be \n used for the drilling, testing and completion of two additional wells\n in the Acadia Area of Alberta, and for working capital. As of September\n 30, 2010, after giving effect to the proceeds from the private\n placement, the Company had working capital of approximately $1,819,240.\n\n\nThe Company has the right under a farm-in agreement to earn 100%\n interest (subject to existing encumbrances) in the drilling spacing\n unit and a 85% interest in the balance of the three sections of land in...