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CSM ClearStream Energy Services Inc

0.045
0.00 (0.00%)
24 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

20/11/2013 8:57pm

Marketwired Canada


CSM Systems Corp. (TSX VENTURE:CKX) ("CSM") announces that, subject to
regulatory approval, it intends to complete an offering of up to 7,000,000 units
("Units") at a price of $0.05 per Unit for gross proceeds of up to $350,000 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. 


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


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

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