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Message: AM Kootenay Gold Prices Private Placement Of Up To 5.5 Mln Units At C$1.50/Unit

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AM Kootenay Gold Prices Private Placement Of Up To 5.5 Mln Units At C$1.50/Unit

posted on Jan 29, 08 03:23PM

Kootenay Gold Inc. (KTN.V) announced a non-brokered private placement of up to 5.5 million units at a purchase price of C$1.50 per Unit, for aggregate gross proceeds to it of up to C$8.25 million. The company noted that each whole Warrant would entitle the holder to buy one Common Share at an exercise price of C$1.80 for a period of 18 months from the closing date of the Private Placement.

The company stated that it would utilize the net proceeds from the Private Placement to finance additional work on its Promontorio property, its other properties and for general working capital.

1/29/2008 10:28:37 AM Bio-Extraction Closes Private Placement Of C$10 Mln Of Units At C$0.25 Per Unit - Quick Facts [BXI.V]

Bio-Extraction (BXI.V) announced that it has completed its private placement of C$10 million of units at C$0.25 per unit, each unit consisting of one common share and one-half of one common share purchase warrant.

The company said, each whole warrant entitles the holder to buy an added common share at a price of C$0.40.

The company stated that it would utilize the gross proceeds of the offering to fund the construction and start-up of the previously announced BioExx canola extraction facility in Saskatoon, for working capital, and for general corporate purposes.

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