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Chrysalis Capital VII Corporation announces revised financing and acquisition terms
Chrysalis Capital VII Corporation announces revised financing and acquisition terms
About this update from Aton Resources Inc.
[{"type":"text","content":"\n\n\n\n Aug. 10, 2010 (Canada NewsWire Group) -- \n\n \n \n \nTR.cnwUnderlinedCell TD {\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell {\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell {\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell {\n BORDER-BOTTOM: #000000 3px solid\n}\n\n/THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES, TO UNITED STATES NEWS WIRE SERVICES OR TO UNITED STATES PERSONS/\n\nTSX Venture Exchange Symbol: SEV.P\n\nTORONTO, Aug. 10 /CNW/ - Chrysalis Capital VII Corporation (the "Corporation") announces that it has entered into an agreement, dated August 10, 2010 with Alexander Nubia Inc. ("ANI") providing for the revision to the terms of ANI's previously announced brokered private placement as well as amendments to the terms of the acquisition agreement described in the filing statement of the Corporation dated May 31, 2010 (filed on SEDAR on June 2, 2010) (the "Filing Statement"). It is anticipated that the Corporation will file an amended Filing Statement (the "Amended Filing Statement") in due course.\n\nRevised ANI Private Placement Terms\n\nPursuant to a new engagement letter dated August 10, 2010 among the Corporation, ANI and Macquarie Private Wealth Inc. ("Macquarie"), ANI intends to raise up to $5,000,000 in a brokered private placement, led by Macquarie along with HB Markets Plc, Industrial Alliance Securities and Secutor Capital Management as sub-agents, of up to 20,000,000 units (the "Units") at a price of $0.25 per Unit on a commercially reasonable efforts basis (the "Private Placement"). Each Unit is comprised of one common share of ANI (the "ANI Shares") and one-half common share purchase warrant ("Warrant"). Each whole Warrant is exercisable for a period of two years and will entitle the holder to purchase one common share of ANI at a price of $0.375 during the first year or one common share of ANI at a price of $0.50 during the second year.\nIn consideration for Macquarie's services in connection with the Private Placement, Macquarie will be paid a fee equal to 7% of the gross proceeds of th...