Business
PRIMA COLOMBIA HARDWOOD INC. ANNOUNCES $10,000,000 FINANCING AND RECEIVES BRIDGE LOAN
May 27, 2011 (Canada NewsWire Group) -- NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVIC...
About this update from Bravern Ventures Ltd.
[{"type":"text","content":"\n\n\n May 27, 2011 (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 DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR\n DISSEMINATION IN THE UNITED STATES\n\n\nTSX-V: PCT\n\n\nVANCOUVER, May 27, 2011 /CNW/ - Prima Colombia Hardwood Inc. (TSX-V:PCT)\n ("Prima" or the "Company") announces that it has entered into an agreement with a syndicate of\n agents co-led by Cormark Securities Inc. and Canaccord Genuity Corp.,\n and including EAS Advisors LLC (through the Riverbank Partners division\n of Merriman Capital, Inc.) (the "Agents") to offer for sale on a "best\n efforts" agency basis, up to $10,000,000 in units ("Units") at a price\n of $0.20 per Unit (the "Offering").  Each Unit will consist of one\n common share ("Common Share") and one-half of one common share purchase\n warrant (the "Warrant").  Each whole Warrant will entitle the holder to\n acquire one additional common share of the Company at an exercise price\n of $0.35 per share until September 21, 2015.  The Warrants associated\n with this Offering will have the same terms as the existing Prima\n Warrants that are listed for trading on the TSX Venture Exchange under\n the symbol PCT.WT.  The Agents shall have an over-allotment option to\n offer up to an additional $1,500,000 in Units at the same price and\n terms as the Offering, prior to the closing of the Offering.\n\n\nThe Company intends to use the net proceed...