Company announces it is entering into a non-brokered private placement
Jan 23, 2003
The Company announces it is entering into a non-brokered private placement of up to 2,000,000 units at $0.15 per unit. Each unit will consist of one share and one share purchase warrant entitling the holder thereof to purchase an additional share of the Company at a purchase price of $0.17 per share for a period of two years. A finder's fee in the maximum amount allowable will be paid, if applicable, in connection with this private placement offering.
The Company intends to utilize the proceeds of the private placement for general working capital purposes.
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