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GEOMEGA RESOURCES INC. CLOSED THE SECOND TRANCHE OF $201,250 OF ITS INITIAL PUBLIC OFFERING FOR A TOTAL OF $2,905,000
GEOMEGA RESOURCES INC. CLOSED THE SECOND TRANCHE OF $201,250 OF ITS INITIAL PUBLIC OFFERING FOR A...
About this update from Geomega Resources Inc.
[{"type":"text","content":"\n\n\n\n Oct. 8, 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\n MONTREAL, Oct 8 /CNW Telbec/ - Geomega Resources inc. ("GeoMegA") is\n pleased to announce that it has closed yesterday the second tranche of\n its initial public offering ("IPO") by prospectus for gross proceeds of\n $201,250.  Industrial Alliance Securities inc. ("IAS") was acting as\n agent in connection with the IPO, for which the prospectus was filed and\n receipted pursuant to the provisions of the Alberta, Ontario and Quebec\n Securities Acts.  The common shares of GeoMegA commenced trading on TSX\n Venture Exchange under the symbol GMA on September 30, 2010.\n \n\n At the closing of this first tranche of the IPO, GeoMegA issued\n 7,725,000 units at a price of $0.35, while 575,000 units were issued at\n the second tranche for a total of 8,300,000 units. Each unit consists of\n one common share and one-half warrant ("Warrant").  Each full Warrant\n entitles the holder to purchase, during a period of 18 months from the\n date of the closing, one common share at an exercise price of $0.55 per\n share.\n \n\n In consideration for its services, IAS received a cash commission of\n $17,106 and 28,750 options for the second tranche of the IPO for a total\n of $186,828 in cash commission and 415,000 options. Each option will\n entitle IAS to purchase one common share at an exercise price of $0.35\n per share, during a period of 18 months from the date of the cl...