We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
ClearStream Energy Services Inc | TSX:CSM | Toronto | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.045 | 0.045 | 0.05 | 0 | 01:00:00 |
CSM Systems Corp. (TSX VENTURE:CKX)("CSM") is pleased to announce that it has completed a private placement financing as first announced on July 19, 2012. Under the offering, which was over-subscribed, CSM issued 11,050,000 units ("Units") at a price of $0.05 per Unit (the "Private Placement") for gross proceeds of $552,500. Each Unit is comprised of one (1) common share ("Common Share") and one-half (1/2) Common Share purchase warrant (each whole warrant being a "Warrant"). Each Warrant entitles the holder to purchase one (1) additional Common Share at a price of $0.10 per Common Share for a period of twenty-four (24) months following the date of closing, provided that if after four months and one day following the closing date the closing price of the Common Shares is equal to or exceeds $0.15 for twenty (20) consecutive days, then the Warrants shall automatically accelerate to expire on the date which is thirty (30) days following the date a press release is issued by CSM announcing the reduced warrant term or the date that written notice has been given to the warrantholder. CSM intends to use the proceeds from the Private Placement for general working capital purposes, and marketing of its innovative way finding and interactive customer service applications. No bonus, finder's fees or commissions were paid in connection with the Private Placement. The participation in the Private Placement by the directors of CSM is considered a "related party transaction" under Canadian Multilateral Instrument 61-101 ("MI 61-101"), but is otherwise exempt from the formal valuation and minority approval requirements of MI 61-101. Pursuant to applicable Canadian securities laws, the securities issued under the Private Placement are subject to a four-month hold period from the time of closing of the Private Placement.
1 Year ClearStream Energy Servi... Chart |
1 Month ClearStream Energy Servi... Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions