Business
GEOMEGA RESOURCES INC. CLOSES ADDITIONAL TRANCHE OF $100,000 FOR A TOTAL PRIVATE PLACEMENT OF $1,000,000
Feb. 3, 2011 (Canada NewsWire Group) -- MONTREAL, Feb. 3 /CNW Telbec/ - Geomega Resources Inc...
About this update from Geomega Resources Inc.
[{"type":"text","content":"\n\n\n\n Feb. 3, 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\nMONTREAL, Feb. 3 /CNW Telbec/ - Geomega Resources Inc. ("GéoMégA")\n announces the closing of an additional tranche of a non-brokered\n private placement (the "Placement") of units for proceeds of $100,000\n with an institutional fund. The securities issued under the Placement\n are subject to a four (4) month hold period.\n\n\nGéoMégA issued 111,111 units at a price of $0.90 total Placement of\n 1,111,110 units. Each unit consists of one (1) common share and\n one-half warrant. Each full warrant entitles the holder to purchase,\n during a period of eighteen (18) months from the date of closing, one\n common share at an exercise price of $1.35 per share.\n\n\n"We oversubscribed our initial maximum offering, this additional tranche\n closes following the conditional approval of the TSX Venture Exchange.\n Proceeds of the Placement will be used for continued exploration\n drilling at the Montviel property and initial exploration work on our\n other rare earth elements ("REE") properties." comments Simon Britt.\n\n\nAbout GéoMégA\n\n\nGéoMégA is a Quebec based mineral exploration company focused on the\n identification and development of economic REE deposits. GéoMégA's\n current mineral portfolio is located in the Abitibi and Upper\n Laurentians regions of Québec.\n\n\nCurrently, GéoMégA has 15,583,253 common sha...