Business
MicroPlanet Closes Private Placement, Shares for Debt Transactions
May 27, 2011 (Canada NewsWire Group) -- Company: MicroPlanet Technology Corp. Stock Listin...
About this update from Medicure Inc.
[{"type":"text","content":"\n\n\n May 27, 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\nCompany: MicroPlanet Technology Corp.\nStock Listing: MP:TSXV\nStock Listing (US): MCTYF: OTC \nWeb Site: www.microplanet.com\n\n\nSEATTLE, May 27, 2011 /CNW/ - MicroPlanet Technology Corp.\n ("MicroPlanet" or the "Company") (MP:TSXV & MCTYF:OTC) an energy\n conservation smart grid company today is pleased to announce that it\n has closed a private placement of 9,000,000 units (the "Units") at a\n price of $0.10 per Unit (the "Offering").  Each Unit consists of one\n common share of MicroPlanet (the "Common Shares") and one Common Share\n purchase warrant (the "Warrants").  Each Warrant entitles the holder to\n acquire one Common Share at any time prior to 4:00 p.m. (Seattle time)\n on the date that is two years from the closing date of the Offering\n upon payment of the exercise price of $0.15 per Common Share.  In\n connection with the Offering, the Company has agreed to pay a\n success-based finder's fee consisting of 500,000 Warrants to The Howard\n Group, Inc.\n\n\nThe Offering raised initial gross proceeds of $900,000, and up to a\n further $1,350,000 assuming full exercise of the Warrants.  MicroPlanet\n intends to use these proceeds for the procurement of parts to support\n manufacturing of MicroPlanet's products; for the marketing and\n development of MicroPlanet's smart grid and energy conservation\n products; and for general w...