Business
Yangaroo announces Closing of private placement, amendment to Stock option plan and grant of options
Feb. 11, 2011 (Canada NewsWire Group) -- /THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN ...
About this update from Yangaroo Inc.
[{"type":"text","content":"\n\n\n\n Feb. 11, 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\n/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS\n NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR\n DISSEMINATION IN THE UNITED STATES./\n\n\nTORONTO, Feb. 11 /CNW/ - YANGAROO Inc. ("YANGAROO" or the "Company")\n (TSX-V: YOO, OTC: YOOIF), the industry's leading secure digital media\n distribution company, is pleased to announce that it closed on \n $1,125,000 of the private placement of up to $1,140,000 of Convertible\n Debentures announced on December 24, 2010. The Debentures have an\n eighteen month term, interest free until July 31, 2011 and thereafter\n interest is payable semi-annually at 15% per annum, are secured by a\n general security agreement over the assets of the Company and are\n convertible into common shares of the Company at $0.10 per share.  \n Fraser Mackenzie Limited was Lead Agent and Brimberg & Co. was a\n Co-Agent with respect to the offering. The Agents were paid a fee of\n $60,000, together with being granted non-transferable options to\n acquire 600,000 common shares of the Company at $0.10 per share until\n February 11, 2013.  The Company will be making certain filings to\n satisfy the conditional acceptance requirements of the TSX Venture\n Exchange. The proceeds of the offering will be used for continued\n expansion of marketing and sales and other general working capital\n purposes. ...