Business
EMPIRE CAPITAL CORP. ANNOUNCES PROPOSED NON-BROKERED PRIVATE PLACEMENT
Apr. 6, 2011 (Canada NewsWire Group) -- TSX Venture Exchange: EPM Shares Issued and Outst...
About this update from Zonte Metals Inc.
[{"type":"text","content":"\n\n\n Apr. 6, 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\nTSX Venture Exchange: EPM\nShares Issued and Outstanding: 8,465,933\n\n\nHALIFAX, April 6 /CNW/ - Empire Capital Corp. (TSXV:EPM) ("Empire\n Capital" or the "Company") is pleased to announce a private placement\n to raise up to $2 million through the issuance of 1,500,000 units\n ("Units") at a price of $1.00 per Unit for gross proceeds of\n $1,500,000, and 400,000 flow-through shares at a price of $1.25 per\n share for gross proceeds of $500,000 (collectively, the "Offering"),\n subject to regulatory approval and closing.\n\n\nEach Unit will consist of one common share (a "Common Share") and\n one-half (½) of one Common Share purchase warrant (a "Warrant"). Each\n whole Warrant will entitle the holder to acquire one additional Common\n Share at a price of $1.50 for a period of 24 months from the date of\n issuance. If the closing share price of the common shares on the TSX\n Venture Exchange is greater than $2.50 per common share for a period of\n 20 consecutive trading days at any time following the issuance of the\n Warrants, the Company may accelerate the expiry date of the Warrants by\n issuing a press release announcing the reduced warrant term whereupon\n the Warrants will expire on the 30th calendar day after the date of the press release.\n\n\nThe Company intends to use the net proceeds of the Offering for mineral\n exploration and working cap...