Private placement for up to $500,000

About this update from Falcon Energy Materials Plc

[{"type":"text","content":"\n\n\n\nLONGUEUIL, QC, Feb. 10 /CNW Telbec/ - Section Rouge Media Inc. (TSX-V:\nSRO) announces the preparation of a financing for a maximum of $500,000\nthrough private placement. The proceeds of this offering will be affected to\nthe corporation's working capital as well as on update work of the web site of\nits agriculture publication.\n\n\nThis financing will consist of a maximum of 25,000,000 units. Each unit,\npriced at $0.02, will include one common share and one common share purchase\nwarrant, each warrant exercisable to purchase one additional share at $0.05\nper share for the first year and at $0.10 per share for the second year\nfollowing the closing of this private placement. The units will be issued\npursuant to applicable prospectus and registration exemptions and will be\nsubject to a four-month hold period.\n\n\nThis financing is subject to the approval from regulatory authorities.\n\n\nAlso, the Board of Directors of the corporation has granted pursuant to\nits Stock Options Plan 1,800,000 stock options to directors and officers at an\nexercise price of $0.10 per share. The options expire 48 months from the date\nof grant and are subject to the required four-month hold period following the\ngrant.\n\n\nThe TSX Venture Exchange does not accept responsibility for the adequacy\n\n\nor accuracy of this release.\n\n\n%SEDAR: 00008697EF\n\n\n","length":1427,"tagName":"div"}]

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