Business
Monexa Technologies Corp. Announces Closing of Private Placement
Jan. 14, 2011 (Canada NewsWire Group) -- VANCOUVER, Jan. 14 /CNW/ - Monexa Technologies Corp...
About this update from Santa Rosa Resources Corp.
[{"type":"text","content":"\n\n\n\n Jan. 14, 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\nVANCOUVER, Jan. 14 /CNW/ - Monexa Technologies Corp. (TSX-Venture: MXA) ("Monexa" or the "Company") is pleased to announce that it has closed its previously announced\n non-brokered private placement (the "Private Placement").\n\n\nA total of 8,910,000 units of the Company (the "Units") were issued at the price of $0.05 per Unit to raise gross proceeds of\n $445,500.00. Each Unit consists of one common share of the Company (a "Share") and one-half of one transferable common share purchase warrant, each\n whole warrant (a "Warrant") entitling the holder to purchase one additional Share of the Company\n at a price of $0.10 for the first twelve months and $0.15 for the\n second twelve months from the date of closing of the Private Placement.\n\n\nThe Company paid a finder's fee to an eligible arm's length party in\n connection with services provided in the Private Placement, consisting\n of a cash commission of 8% of the gross proceeds received from the sale\n of the Units, and non-transferable finder's warrants (the "Finder's Warrants") equal to 8% of the Units sold, to subscribers introduced to the\n Company by the finder.  A cash commission of $34,840.00 was paid and\n 696,800 Finder's Warrants were issued, having the same terms as the\n Warrants.\n\n\nThe Shares, Warrants and Finder's Warrants, as well as any Shares issued\n on exercise o...