Chantrell Announces Non-Brokered Private Placement
10 Dezembro 2010 - 2:17PM
Marketwired
Chantrell Ventures Corp. (the "Company") (TSX VENTURE: CV.H) is
pleased to announce that, subject to regulatory approval, it has
arranged a non-brokered private placement of up to 1,000,000 units
at a price of $0.50 per unit, for gross proceeds of $500,000. Each
unit will consist of one common share of the Company and one-half
of one share purchase warrant. Each whole warrant will entitle the
holder to purchase an additional common share at a price of $0.75
per share for a period of 12 months. The Company will pay finders'
fees equal to 5% of subscription amounts received, payable in cash
or units, in addition to finders' warrants equal to 5% of the
number of units subscribed for, each exercisable into one common
share of the Company at a price of $0.75 per share for a period of
12 months from closing. All securities will be subject to a four
month hold period.
The proceeds of the private placement will be used for general
working capital and to assist in conducting due diligence of
potential gold and or copper properties in the Americas.
CHANTRELL VENTURES CORP.
On behalf of the Board
Paul Parisotto, President, CEO, CFO & Director
Statements included in this announcement, including statements
concerning our plans, intentions and expectations, which are not
historical in nature are intended to be, and are hereby identified
as, "forward-looking statements" for purposes of the safe harbor
provided by Section 21E of the Securities Exchange Act of 1934, as
amended by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements may be identified by words including
"anticipates", "believes", "intends", "estimates", "expects" and
similar expressions. The company cautions readers that
forward-looking statements, including without limitation those
relating to the Company's future operations and business prospects,
are subject to certain risks and uncertainties that could cause
actual results to differ materially from those indicated in the
forward-looking statements.
Neither 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.
Contacts: Chantrell Ventures Corp. Paul Parisotto President,
CEO, CFO & Director 416 359 7808
Chantrell Ventures (TSXV:CV.H)
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