Business
Network amends private placement
VANCOUVER, Aug. 12 /CNW/ - Network Exploration Ltd. (the "Company") (TSX.V: NET) announces that f...
About this update from Ynvisible Interactive Inc. Class A
[{"type":"text","content":"\n\n\n\nVANCOUVER, Aug. 12 /CNW/ - Network Exploration Ltd. (the "Company")\n(TSX.V: NET) announces that further to its press release dated July 9th 2009,\nthe Company has amended the terms of it's private placement where the Company\nwill now offer up to 7.5 million units at a price of 4.0 cents per unit and 6\nmillion flow-through units at a price of 5 cents per unit for total gross\nproceeds of up to $600,000.\n\n\nUnder the terms of the private placement each unit will consist of one\ncommon share of the Company and one share purchase warrant where each warrant\nwill allow the subscriber to purchase one additional common share of the\nCompany at a price of eight cents for a period of one year following the close\nof the private placement. Each flow-through unit will consist of one\nflow-through common share and one share purchase warrant where each warrant\nwill allow the subscriber to purchase one additional common share of the\nCompany at a price of eight cents for a period of one year following the close\nof the private placement.\n\n\nSecurities issued will be subject to a four-month hold period following\nthe closing of the private placement. It is contemplated that the portion of\nthe investment represented by the flow-through shares will entitle the holders\nto a 100% CEE tax deduction as set forth under the Income Tax Act (Canada).\n\n\nProceeds from this offering will be used for exploration at the Company's\nrecently acquired Yukon property, working capital and general corporate\npurposes. The private placement and finder's fee, if applicable, are subject\nto the acceptance by the TSX Venture Exchange.\n\n\nNetwork Exploration Ltd. is a mineral exploration company committed to\nbuilding shareholder value through the acquisition of base and precious metal\nproperties in North and South America.\n\n\nON BEHALF OF THE BOARD OF DIRECTORS\n\n"Alexander Helmel"\n\nPresident\n\n\nForward-Looking Statements: This news release has been prepared by\nmanagement. This document contains certain forward looking statements which\ninvolve known and unknown risks, delays, and uncertainties not under the\nCompany's control which may cause actual results, performance or achievements\nof the Company to be materially different from the results, performance or\nachievements implied by these forward looking statements...