Mantra Capital Announces Closing of Qualifying Transaction, Private Placement and Stock Split
30 Dezembro 2013 - 9:32PM
Marketwired
Mantra Capital Announces Closing of Qualifying Transaction, Private
Placement and Stock Split
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 30, 2013) -
Mantra Capital Inc. (TSX-VENTURE:MTR.P) ("Mantra" or the "Company")
is pleased to announce it has received approval from the TSX
Venture Exchange (the "Exchange") with respect to its Qualifying
Transaction, private placement, and subdivision of its outstanding
shares as previously announced in the Company's September 3, 2013
and November 26, 2013 news releases.
The Company issued 7,460,000 common shares to various
subscribers at a price of $0.05 per share for gross proceeds of
$373,000. The Company issued 3,500,000 common shares on a
flow-through basis. All shares will be subject to a four (4) month
hold period, which will expire on May 1, 2014
As a result of the completion of the Qualifying Transaction, Raj
Chowdhry remains as the Chief Executive Officer of the Company and
the Company appointed Wylie Hui as the Chief Financial Officer of
the Company and Tiffany Konings as the Corporate Secretary of the
Company.
The Company will commence trading under the symbol MTR at the
opening of the market on December 31, 2013.
Further details concerning the Honeymoon Property, the Option
Agreement, the Subdivision and the Private Placement were disclosed
in a filing statement prepared by the Company and filed on
SEDAR.
ON BEHALF OF THE BOARD
Raj Chowdhry, CA, Chief Executive Officer and Director
Investors are cautioned that, except as disclosed in the
management information circular or filing statement to be prepared
in connection with the transaction, any information released or
received with respect to the transaction may not be accurate or
complete and should not be relied upon. Trading in the securities
of a capital pool company should be considered highly
speculative.
The TSX-V has in no way passed upon the merits of the
proposed transaction and has neither approved nor disapproved the
contents of this press release.
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.
Mantra Capital Inc.Raj ChowdhryChief Executive
Officer604-628-1162604-628-1163info@mantracapitalinc.com
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