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ANSELL CAPITAL CORP. CLOSES COMBINED BROKERED AND NON-BROKERED PRIVATE PLACEMENTS
May 3, 2011 (TheNewswire.ca) -- May 3, 2011 Vancouver, British Columbia - Ansell Capital Cor...
About this update from Briacell Therapeutics Corp
[{"type":"text","content":"\nANSELL CAPITAL CORP. CLOSES COMBINED BROKERED AND NON-BROKERED PRIVATE PLACEMENTS\n\n May 3, 2011 (TheNewswire.ca) -- May 3, 2011 Vancouver, British Columbia - Ansell Capital Corp. (OOTC:ANCCF) (TSXV: ACP)(\"Ansell\" or the \"Company\") is pleased to announce that it has closed both the brokered and non brokered private placements announced in its news releases of April 5 and April 8, 2011 for gross proceeds of $5,582,000.Pursuant to the brokered portion of the private placement 10,400,000 non flow through units were sold at a price of $0.32 per unit and 1,875,000 flow through units were sold at a price of $0.40 per unit. The non flow through units consisted of one share and one half share purchase warrant providing the holder with the right to subscribe for one additional common share for each full warrant held at a price of $0.40 in the first year and $0.50 in the second year. The units in the flow through portion of the offering consisted of one common share and one half common share purchase warrant with each full warrant being exercisable for a period of 24 months to purchase one additional share of Ansell at a price of $0.50 per share.The brokered portion of the offering was completed by Canaccord Genuity Corp. and PowerOne Capital Markets Limited. As compensation for the placement of the units, the Agents received a 7% cash commission and 859,250 broker warrants calculated as 7% of the number of securities sold by the Agents.Each broker warrant is exercisable to purchase one additional common share of the Company at a price of $0.40 in the first year from the date of issuance and $0.50 in the second year from the date of issuance.The non brokered portion of the private placement concurrently closed on April 29, 2011 consisted of the placement of 4,700,000 units at a price of $0.32 per unit. The features of the units placed in the non brokered portion of the placement were identical to the features of the non flow through units placed by the Agent. The gross proceeds of the non brokered portion of the private placement was $1,504,000.As compensation for the placement of the non brokered portion of the placement, Ansell paid commissions or finder's fees of $94,623. In addition, Ansell issued as compensation for the placement 234,623 broker warrants to member firms eligible to receive broker warrants for their efforts in p...