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NETWORK EXPANDS PRIVATE PLACEMENT

Jan. 18, 2011 (Canada NewsWire Group) -- VANCOUVER, Jan. 18 /CNW/ - Network Exploration Ltd. ...

articleYnvisible Interactive Inc. Class AJanuary 18, 20113/company/ynvisible-interactive-inc/news/network-expands-private-placement
NETWORK EXPANDS PRIVATE PLACEMENT

About this update from Ynvisible Interactive Inc. Class A

[{"type":"text","content":"\n\n\n\n Jan. 18, 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. 18 /CNW/ - Network Exploration Ltd. (the "Company")\n (TSX.V: NET) is pleased to announce that further to its news release\n dated January 17, 2011 the Company is expanding its private placement\n to $650,000.  Under the terms of the private placement, the Company\n will offer a maximum of 10,000,000 Units at a price of six and a half\n cents per Unit. Each Unit will consist of one common share of the\n Company and one full share purchase warrant where each warrant will\n allow the subscriber to purchase one additional common share of the\n Company at 10 cents during the first year following the closing of the\n private placement.\n\n\nThe proceeds from the Offering will be used for general corporate\n working capital. Closing of the Offering is subject to a number of\n conditions, including receipt of all necessary corporate and regulatory\n approvals, including approval from the Exchange.\n\n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as\n that term is defined in the policies of the TSX Venture Exchange)\n accepts responsibility for the adequacy or accuracy of this release.\n\n\nON BEHALF OF THE BOARD OF DIRECTORS\n"Alexander Helmel"\n\n\nPresident\n\n\nForward-Looking Statements:  This news release has been prepared by\n management.  This document contains certain forward looking statements\n which involve known and unknown risks, dela...

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