Business
PACIFIC HARBOUR ANNOUNCES $14,722,500 PRIVATE PLACEMENT
PACIFIC HARBOUR ANNOUNCES $14,722,500 PRIVATE PLACEMENT
About this update from Oceanic Iron Ore Corp.
[{"type":"text","content":"\n\n\n\n Nov. 23, 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/NOT FOR DISTRIBUTION TO A US NEWSWIRE SERVICE OR FOR DISSEMINATION IN\n THE UNITED STATES/ \n\n\nTSX Venture Exchange : PCF\n\n\nVANCOUVER, Nov. 23 /CNW/ - Pacific Harbour Capital Ltd. ("Pacific Harbour") will complete a\n non-brokered private placement of up to 10,450,000 flow-through units\n at a price of $0.55 per unit and 17,950,000 non-flow-through units at a\n price of $0.50 per unit for gross proceeds of $14,722,500.  Each\n flow-through unit will consist of one flow-through common share and one\n share purchase warrant, with each warrant entitling the holder to\n purchase one non-flow-through common share at a price of $1.00 per\n share for a period of five years from closing.  Each non-flow-through\n unit will consist of one non-flow-through common share and one share\n purchase warrant, with each warrant entitling the holder to purchase\n one non-flow-through common share at a price of $1.00 per share for a\n period of five years from closing.  Finder's fees of up to 5% of the\n gross proceeds of the offering may be paid. \n\n\nClosing of the private placement is expected to occur subsequent to the\n closing of Pacific Harbour's acquisition of certain iron ore claims\n located in northern Quebec which was announced in a press release dated\n October 7, 2010.  On closing of the acquisition, Pacific Harbour will\n change its name to Oceanic Iron Ore Corp. and its new tr...