Business
Monexa Technologies Corp. Announces Private Placement
Jan. 7, 2011 (Canada NewsWire Group) -- VANCOUVER, Jan. 7 /CNW/ - Monexa Technologies Corp. ...
About this update from Santa Rosa Resources Corp.
[{"type":"text","content":"\n\n\n\n Jan. 7, 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. 7 /CNW/ - Monexa Technologies Corp. (TSX-Venture: MXA) ("Monexa" or the "Company") is pleased to announce a non-brokered private placement of up to\n 10,000,000 units of the Company at the price of $0.05 per unit to raise\n gross proceeds of up to $500,000 (the "Private Placement"). Each unit consists of one common share of the Company and one-half\n of one transferable common share purchase warrant, each whole warrant\n entitling the holder to purchase one additional common share of the\n Company at a price of $0.10 for the first twelve months and $0.15 for\n the second twelve months from the date of closing of the Private\n Placement.\n\n\nThe Company has agreed to pay a finder's fee consisting of a cash\n commission of 8% of the gross proceeds received from the sale of the\n units and finder's warrants equal to 8% of the units sold to\n subscribers.\n\n\nThe closing of the Private Placement is subject to the approval of the\n TSX Venture Exchange.\n\n\nGarth Albright, CFO of Monexa, said, "The capital from the Private\n Placement will be used to bridge Monexa's operational requirements as\n we continue to grow our SaaS billing business targeting companies with\n subscription and other recurring billing needs."\n\n\nAbout Monexa Technologies Corp.\n\n\nMonexa pioneered the on-demand subscription billing space and has worked\n with hundreds of businesses to ...