We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
WestBond Enterprises Corporation | TSXV:WBE | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.005 | 4.17% | 0.125 | 0.12 | 0.13 | 0.125 | 0.125 | 0.125 | 500 | 21:00:17 |
WestBond Enterprises Corporation (the "Company") (TSX VENTURE:WBE) is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement of common shares (the "Offering"). The Company issued 14,875,000 common shares at a price of $0.08 per common share, raising aggregate gross proceeds of $1,190,000. The net proceeds of the Offering will be used to purchase plant and equipment to vertically integrate and expand the Company's manufacturing of paper products. In connection with the Offering, the Company paid a cash finder's fee of $32,400 representing 8% of the gross proceeds raised from subscribers introduced to the Company by a finder. In addition, the finder received 405,000 common share purchase warrants (the "Warrants") representing 8% of the number of common shares issued to subscribers introduced to the Company by the finder. The Warrants may be exercised at a price of $0.08 per common share until September 18, 2014. Gennaro Magistrale, the Company's President and Chief Executive Officer and a Director, acquired 5,625,000 common shares under the Offering. As a result, Mr. Magistrale's holdings increased from 1,535,524 common shares (13.9% of the Company's issued and outstanding shares) to 7,160,524 common shares (27.6% of the Company's issued and outstanding shares). Mr. Magistrale acquired his common shares under the Offering for investment purposes and may increase or decrease his ownership of securities of the Company from time to time. Upon closing of the Offering, Mr. Magistrale became a 'Control Person', as defined under the policies of the TSX Venture Exchange. The shareholders approved the creation of Mr. Magistrale as a Control Person at the Company's annual general and special meeting held on September 4, 2013. ON BEHALF OF THE BOARD Gennaro Magistrale, Chief Executive Officer, President and Director 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: WestBond Enterprises Corporation Gennaro Magistrale Chief Executive Officer, President and Director (604) 940-3939 (604) 940-9161 (FAX) www.WestBond.ca
1 Year WestBond Enterprises Chart |
1 Month WestBond Enterprises 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