Post by same53 on Jun 22, 2008 16:47:07 GMT -5
Looks as if it can move Big Time
Posted by: Mr Goodlife Date: Friday, June 20, 2008 6:42:21 PM
In reply to: REED198 who wrote msg# 105787 Post # of 105916
The financing consisted of a non-brokered private placement of 50,000,000 units. Each unit was priced at $0.015 per unit and consisted of one common share and one share purchase warrant entitling the holder to purchase one additional common share at a price of $0.025 for two years following the closing.
TORONTO, June 20 /PRNewswire-FirstCall/ -- MonArc Corporation www.monacorporation.com/ (Pink Sheets: MONA - News) is pleased to announce that the issuer has completed the private placement. The company is pleased to announce that the offering was fully subscribed for total proceeds of $750,000.00.
The financing consisted of a non-brokered private placement of 50,000,000 units. Each unit was priced at $0.015 per unit and consisted of one common share and one share purchase warrant entitling the holder to purchase one additional common share at a price of $0.025 for two years following the closing.
All shares issued pursuant to the placement will bear a legend restricting transfer until December 31, 2008.
Participants in the private placement include Jianxi Corporation, a Hong Kong based holding company which is controlled by the Xieu family, and Mr. Chinese Register, a Canadian based company which is controlled by the Zhao Family Trust. Other investors include some long time MonArc shareholders, and several high net worth accredited investors who are investing in MonArc for the first time. MonArc wishes to welcome the new shareholders, and to express appreciation to all shareholders for their continued trust and confidence.
The proceeds of the issuance will be used to advance existing projects, to generate and acquire new technologies, and to provide marketing capital to the Corporation, including obtaining exclusive distribution rights for the 3D game of PP365 from the Korean manufacturer.
On Behalf of the Board,
Mr. Yong Chen, President & CEO
The common shares of the Company are currently listed in the USA (symbol MONA) and the Frankfurt Stock Exchange (Xe:GZWM)
CONTACT: www.minamargroup.com/helpdesk
Safe Harbour Statement
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain forward information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
DATASOURCE: MonArc Corporation (MONA)
CONTACT: www.minamargroup.com/helpdesk
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Posted by: Mr Goodlife Date: Friday, June 20, 2008 6:42:21 PM
In reply to: REED198 who wrote msg# 105787 Post # of 105916
The financing consisted of a non-brokered private placement of 50,000,000 units. Each unit was priced at $0.015 per unit and consisted of one common share and one share purchase warrant entitling the holder to purchase one additional common share at a price of $0.025 for two years following the closing.
TORONTO, June 20 /PRNewswire-FirstCall/ -- MonArc Corporation www.monacorporation.com/ (Pink Sheets: MONA - News) is pleased to announce that the issuer has completed the private placement. The company is pleased to announce that the offering was fully subscribed for total proceeds of $750,000.00.
The financing consisted of a non-brokered private placement of 50,000,000 units. Each unit was priced at $0.015 per unit and consisted of one common share and one share purchase warrant entitling the holder to purchase one additional common share at a price of $0.025 for two years following the closing.
All shares issued pursuant to the placement will bear a legend restricting transfer until December 31, 2008.
Participants in the private placement include Jianxi Corporation, a Hong Kong based holding company which is controlled by the Xieu family, and Mr. Chinese Register, a Canadian based company which is controlled by the Zhao Family Trust. Other investors include some long time MonArc shareholders, and several high net worth accredited investors who are investing in MonArc for the first time. MonArc wishes to welcome the new shareholders, and to express appreciation to all shareholders for their continued trust and confidence.
The proceeds of the issuance will be used to advance existing projects, to generate and acquire new technologies, and to provide marketing capital to the Corporation, including obtaining exclusive distribution rights for the 3D game of PP365 from the Korean manufacturer.
On Behalf of the Board,
Mr. Yong Chen, President & CEO
The common shares of the Company are currently listed in the USA (symbol MONA) and the Frankfurt Stock Exchange (Xe:GZWM)
CONTACT: www.minamargroup.com/helpdesk
Safe Harbour Statement
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain forward information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
DATASOURCE: MonArc Corporation (MONA)
CONTACT: www.minamargroup.com/helpdesk
<< Back