Business
GlobeeCom International Inc. announces a private placement
GlobeeCom International Inc. announces a private placement.
About this update from Greenbank Capital Inc.
[{"type":"text","content":"\n\n\n\n\nTROIS-RIVIERES, Jan. 3 /CNW Telbec/ - GLOBEECOM INTERNATIONAL INC.\n(\"GlobeeCom\" or the \"Company\") (TSX Venture Exchange: GBC) announces that it\nintends to make a private placement of a maximum of 2,502,222 units, at a\nprice of $0.18 per unit, each unit being composed of one (1) Common Share and\none (1) Warrant; each such Warrant may be converted into one (1) Common Share\nof the Company, at a price of $0.18 per share, for a period of two years after\ntheir respective issue.\nSociDetDe Innovatech QuDebec et ChaudiGere-Appalaches (\"Innovatech\"), an\ninsider of the Company, that currently holds 3,775,030 Common Shares,\nconvertible debentures of a total amount in principal of $300,000 (such\ndebentures may be converted into 1,666,667 Common Shares assuming a conversion\nprice of $0.18), and 1,500,000 Warrants that may be converted into 1,500,000\nCommon Shares of the Company, has indicated that it will subscribe to $2 in\nunits for each $1 in units subscribed for by third parties, up to a maximum of\n$300,000 in units for Innovatech if a total amount of $150,000 or more is\nsubscribed for by third parties.\nA first closing, for an approximate amount of $300,000 should occur on or\nabout January 5, 2006, and a second closing, for the balance, on or about\nJanuary 27, 2006. These closings are subject to the conditional approval of\nthe TSX Venture Exchange.\nFurthermore, the Board of Directors granted, in accordance with the Share\nPurchase Option Plan of the Company, to Evolution Group Inc., of which the\nCorporation has retained the services to assist the Company in designing and\nimplementing its financial communication strategy, options to purchase a total\nnumber of 100,000 Common Shares, at a price of $0.20 per share, for a period\nof 5 years, in accordance with the terms and conditions of the Plan. These\noptions are also subject to the approval of the TSX Venture Exchange.\nThe number of Common Shares currently outstanding is 17,361,692 Common\nShares. If the current private placement is completed, a number of 2,502,222\nCommon Shares will be added to the outstanding shares, being a total of\n19,863,914 Common Shares, and a number of 2,502,222 Warrants that may be\nconverted into 2,502,222 Common Shares at a price of $0.18 per share will be\nadded to those already outstanding. A number of 1,872,284 Common ...