| Home : December 18 2010 Computer News : Yaletown Capital Corp. Closes Private Placment |
|
Yaletown Capital Corp. Closes Private Placment |
December 18, 2010
RICHMOND, BRITISH COLUMBIA--(Marketwire - Dec. 17, 2010) - Yaletown Capital Corp. ("Yaletown", the "Company") (TSX VENTURE:YCC) is pleased to announce the closing of a non- brokered private placement of 1,017,400 units ("Units") at $0.22 per Unit to raise gross proceeds of CAD$223,828. Each Unit will consist of one common share and one half common share purchase warrant (a "Warrant"). Each two warrants will be exercisable for two years into an additional common share at $0.28. The Private Placement is subject to TSX Venture Exchange acceptance. The Company will pay cash commission of 8% as finders' fees on a portion of the funds raised in connection with the private placement. The proceeds of the private placement will be used for continued product development and general working capital purposes.
Link: http://www.marketwire.com/mw/release.do?id=1371176&sourceType=3
|
|
|
|
|
