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MKT DeepMarkit Corp

0.145
0.00 (0.00%)
Last Updated: 14:35:33
Delayed by 15 minutes
Share Name Share Symbol Market Type
DeepMarkit Corp TSXV:MKT TSX Venture 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% 0.145 0.085 0.155 0 14:35:33

Marketvision Completes Non-Brokered Private Placement

30/11/2009 10:29pm

Marketwired Canada


Further to its press release of September 16, 2009, Marketvision Direct, Inc.
(TSX VENTURE:MKT) (the "Company") is pleased to announce that it has completed a
non-brokered private placement (the "Offering") of 7,750,000 units (the "Units")
at a subscription price of CDN$0.05 per Unit for gross proceeds of CDN$387,500.
Each Unit consists of one common share and one common share purchase warrant (a
"Warrant"). Each Warrant is exercisable into one common share of the Company an
initial exercise price of $0.06 if exercised within 12 months of closing, and,
if not so exercised, at an exercise price of $0.10 during the subsequent 12
month period. In the event that at any time during the first 12 months following
closing, the closing price of the Company's common shares on the TSX Venture
Exchange exceeds $0.10 per share for a period of 21 consecutive trading days,
the Company will, by written notice, give the holders of the Warrants 60 days in
which to exercise the Warrants, and in the event that the Warrants are not so
exercised within such 60 day period, any unexercised Warrants will be
exercisable at an exercise price of $0.10 and will expire at 5:00 p.m. (Toronto
time) on the date which is the earlier of: (i) 12 months from the date on which
such notice is given by the Company and (ii) 24 months from closing. 


The securities issued under the Offering are subject to a four month hold period
in accordance with Canadian securities law. 


Proceeds from the Offering will be used to review potential acquisition
opportunities in the natural resource sector outside of Canada and for general
corporate purposes. 


This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. The securities have not
been and will not be registered under the United States Securities Act of 1933,
as amended (the "U.S. Securities Act") or any state securities laws and may not
be offered or sold within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.


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