30 July 2003capital raising announcement● NeutralMajor
Bruce Johnstone resigned as director and officer and Ronald Blomkamp took over as President, CEO, CFO and Secretary; the same week the company closed a $367,500 private placement (350,000 units at $1.05, with warrants exercisable at escalating prices up to $1.55).
What it means for a shareholder
350,000 new shares at US$1.05 to raise about US$367,500. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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