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Fireswirl Completes Private Placement |
April 30, 2011
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 29, 2011) - Fireswirl Technologies Inc. (TSX VENTURE:FSW) (the "Company") is pleased to announce that it has completed its previously announced private placement (the "Private Placement") for 6,100,000 units (each, a "Unit") at a price of $0.13 per Unit, which closed on April 28, 2011. Each Unit consisted of one common share (a "Share") and one-half of a share purchase warrant (a "Warrant"). Each whole Warrant entitles the holder to purchase one Share at a price of $0.19 for a period of one year from the date of issue. The Company raised aggregate gross proceeds of approximately $790,000 from the sale of the Units. All securities issued with respect to the Private Placement are subject to a hold period that expires four months and a day from the closing date in accordance with the rules and policies of the TSX Venture Exchange and applicable Canadian securities laws and such other further restrictions as may apply under foreign securities laws.
Link: http://www.marketwire.com/mw/release.do?id=1508353&sourceType=3
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