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CSM ClearStream Energy Services Inc

0.045
0.00 (0.00%)
22 May 2024 - Closed
Delayed by 15 minutes
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. Announces Private Placement

24/01/2013 8:51pm

Marketwired Canada


CSM Systems Corp. (TSX VENTURE:CKX) ("CSM") announces that, subject to
regulatory approval, it intends to complete an offering of up to 5,000,000 units
("Units") at a price of $0.05 per Unit for gross proceeds of $250,000 by way of
a private placement (the "Private Placement"). Each Unit is comprised of one (1)
common share ("Common Share") and one-half (1/2) Common Share purchase warrant
(each whole warrant, 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 wayfinding and interactive
customer service applications. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
CSM Systems Corp.
John Putters
President & CEO
(780) 425-9460
jputters@visionstate.com

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