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ABITEX COMPLETES $500,000 PRIVATE PLACEMENT
Dec. 23, 2010 (Canada NewsWire Group) -- VAL-D'OR, QC, Dec. 23 /CNW Telbec/ - Abitex Resourc...
About this update from Vision Lithium, Inc.
[{"type":"text","content":"\n\n\n\n Dec. 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\nVAL-D'OR, QC, Dec. 23 /CNW Telbec/ - Abitex Resources Inc. (TSX-V: ABE) (the "Company") is pleased to announce that it has completed a non-brokered private\n placement for a total of $500,000.\n\n\n\nThe Company issued a total of 1,875,000 flow through units of the\n Corporation (the "FT Units") at a price of $0.20 per FT Unit for\n aggregate gross proceeds of $375,000 and a total of 694,444 non flow\n through units of Corporation (the "Units") at a price of $0.18 per Unit\n for aggregate gross proceeds of $125,000. Each FT Unit consists of\n one common share and one half of a common share purchase warrant (each\n whole warrant a "Warrant"). Each non flow through Unit consists of\n one common share and one Warrant. Each Warrant entitles its holder to\n subscribe to one common share of the Corporation for $0.25 within\n 18 months following the date of issuance of the Warrant. Limited Market\n Dealer received a cash commission of $30,000.00 and finders warrants\n entitling it to acquire 48,611 Units at a price of $0.18 per Unit and\n 131,250 FT Units at a price of $0.20 per FT Unit for acting as finder,\n with the understanding that the common shares underlying the FT Units\n shall be issued on a non flow-through basis.\n\n\nThe offering is subject to the required approvals of the applicable\n regulatory authorities, including final approval of the TSX Venture\...