Business
Network announces non-brokered private placement for proceeds of up to $1,000,000
Network announces non-brokered private placement for proceeds of up to $1,000,000
About this update from Ynvisible Interactive Inc. Class A
[{"type":"text","content":"\n\n\n\n Aug. 4, 2010 (Canada NewsWire Group) -- \n\n \n \n \nTR.cnwUnderlinedCell TD {\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell {\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell {\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell {\n BORDER-BOTTOM: #000000 3px solid\n}\n\nVANCOUVER, Aug. 4 /CNW/ - Network Exploration Ltd. (the "Company") (TSX.V: NET) is pleased to announce that it is proceeding with a non-brokered private placement of up to 10,000,000 units (the "Units") at a price of $0.10 per Unit for gross proceeds of up to $1,000,000 (the "Offering").\nUnder the terms of the private placement, the Company will offer a maximum of 10,000,000 Units at a price of ten cents per Unit. Each Unit will consist of one common share of the Company and one full share purchase Warrant where each Warrant will allow the subscriber to purchase one additional common share of the Company at 15 cents during the first year following the closing of the private placement.\nAll securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities law legislation. The Company may pay a finder's fee on the Offering in cash, Common Shares, Warrants, or a combination thereof, up to the maximum amount permitted by the policies of the TSX Venture Exchange (the "Exchange").\nThe proceeds from the Offering will be used for general corporate working capital and ongoing exploration at the Company's properties.\nClosing of the Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including approval from the Exchange.\n\nNetwork Exploration Ltd. is a mineral exploration Company committed to building shareholder value through the acquisition of base and precious metal properties in North and South America. For additional information, contact the Company at 604 638-7363 (toll free 866 637-5138) or visit the Company's website: www.networkexploration.com.\n\n\n >\n\n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined ...