| | Publié le 12 septembre 2008 | Announces Completion of Final Tranche of Financing |
|
Article
|
Commentaires
|
Commenter
|
Notation
|
♥
Suivre la société
|
|
|
|
Radar Acquisitions Corp. Announces Completion of Final Tranche of
Financing
Calgary, AB -- September 12,
2008 -- Radar Acquisitions Corp.
("Radar") (TSXV: RAC), is pleased to announce that Radar has
completed the second and final tranche of a non-brokered private
placement of 96,000 units at a price of C$0.22 per unit for gross
proceeds of C$21,120. Combined with the first tranche, which closed on
August 22, 2008, the total gross proceeds raised from both tranches of
the private placement is $1,068,870 from the issuance of 4,858,500 units.
Each unit consists of one common share and one half of a common share
purchase warrant. Each
whole warrant is exercisable at C$0.33 per common share for a period of
one year from closing. The private placement was increased from the
amount disclosed in Radar's press release dated July 29, 2008 from
3,204,545 units to 4,858,500 units or an increase of total gross proceeds
form $704,999 to $1,068,870.
Total finder's fees of $1,689.60 and 7,680 finder's options were issued
in relation to the second tranche of the private placement, with each
finder's option being exercisable into a common share at a price of $0.22
per common share for a period of one year from the date of issuance of
the option.
Proceeds of the private placement will be used for advancing projects for
the Radar/New Energy USA, LLC, joint venture; continued lease maintenance
and for general operating purposes. The final tranche of the private
placement is subject to final TSX Venture approval. The securities issued
pursuant to the private placement are subject to a four month hold (until
January 11, 2009).
Timothy Bergen CEO says, "Under the current market conditions we are
very pleased that we were able to oversell our original finance target by
more than 30 percent as not only a result of continued support from our
current shareholder base, but also the addition of new investors. Clearly
our shareholders believe in Radar's business plan and the potential for
significant growth as we pursue financial feasibility on a number of
Re-Fuel project sites and work towards our goal of putting our first
Re-Fuel plant into production by the end of this fiscal year."
About Radar Acquisitions Corp.
Radar is a diversified natural resource
development company focused on growth through the acquisition,
exploration and development of resources and resource related
technologies. Radar is focused on a joint venture agreement it has with
New Energy USA, LLC, to develop engineered solid fuel products (Re-Fuel�)
using a combination of coal waste and biomass.
Re-Fuel� will benefit the environment through the reclamation of coal
waste and other bio-refuse in the production phase and cleaner stack and
ash emissions in the power generation phase. Production of Re-Fuel
can qualify the producing joint venture company for a variety of tax
credits while providing coal waste owners/suppliers with a significant
benefit by decreasing site reclamation costs. Users of Re-Fuel� will
benefit from a competitively priced, cleaner and more efficient product
that may also be eligible for substantial carbon credits.
Corporate
Head Office:
Timothy J. Bergen, President
Tel: 403.262.3797
Toll Free: 1.877.262.5888
Email: tbergen@radar.ab.ca
|
Investor
Relations:
Bryson Goodwin, Ascenta Capital Partners Inc.
Tel: 604.684.4743 ext. 239
Toll Free: 1.866.684.4209
Email: bryson@ascentacapital.com
|
The
TSX Venture Exchange has not reviewed and does not accept responsibility
for the adequacy or accuracy of this release.
This press release may contain
"forward-looking information" within the meaning of applicable
Canadian securities legislation. All statements, other than statements of
historical fact, included herein are forward looking information.
Generally, forward-looking information may be identified by the use of
forward-looking terminology such as "plans",
"expects" or "does not expect", "proposed",
"is expected", "budget", "scheduled",
"estimates", "forecasts", "intends",
"anticipates" or "does not anticipate", or "believes",
or variations of such words and phrases, or by the use of words or
phrases which state that certain actions, events or results may, could,
would, or might occur or be achieved. This forward-looking information
reflects Radar's current beliefs and is based on information currently
available to Radar and on assumptions Radar believes are reasonable.
These assumptions include, but are not limited to, the quality and amount
of waste coal being used to supply the Re-Fuel� technology being
consistent with sample testing results, the amount of waste coal being
consistent with historical estimates and the ability of RPS to build
Re-Fuel� production facilities within timelines and costs budgeted by
RPS. Forward-looking information is subject to known and unknown
risks, uncertainties and other factors that may cause the actual results,
level of activity, performance or achievements of Radar, its subsidiaries
or RPS to be materially different from those expressed or implied by such
forward-looking information. Such risks and other factors may include,
but are not limited to: the early stage development of Radar, RPS,
Re-Fuel� and the Re-Fuel� technology; general business, economic,
competitive, political and social uncertainties; uncertainties as to
market acceptability of Re-Fuel� and the Re-Fuel� technology; the actual
results of current research and development or operational activities;
competition; uncertainty as to patent applications and intellectual
property rights; product liability and lack of insurance; delay or
failure to receive board or regulatory approvals; changes in legislation,
including environmental legislation, affecting mining, Re-Fuel� and the
Re-Fuel� technology; timing and availability of external financing on
acceptable terms; not realizing on the potential benefits of Re-Fuel� and
the Re-Fuel� technology; conclusions of economic evaluations; and lack of
qualified, skilled labour or loss of key individuals. Although Radar has
attempted to identify important factors that could cause actual results
to differ materially from those contained in forward-looking information,
there may be other factors that cause results not to be as anticipated,
estimated or intended. Accordingly, readers should not place undue
reliance on forward-looking information. Radar does not undertake to
update any forward-looking information, except in accordance with
applicable securities laws.
|
|
|
|
|
|
Ascenta Capital Partners Inc. � Suite 1610,
1066 West Hastings Street � Vancouver � BC V6E 3X1 � Canada
You may opt out of this email list in our Profile Centre
Ascenta Capital provides investor relations
services to a number of junior public companies. To learn about these
companies, there are a number of e-news lists you can to in our Profile Centre. You
can also subscribe to our monthly e-newsletter, Resource Investor Monthly.
|
.
|
CanAm Coal Corp
|
|
|
CODE : COE.V |
ISIN : CA1370981096 |
CUSIP : 137098109 |
| |
ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
CanAm Coal est une société d’exploration minière de charbon basée au Canada. CanAm Coal détient divers projets d'exploration en USA. Ses principaux projets en exploration sont TITANIUM RIDGE et STRONG CREEK en USA. CanAm Coal est cotée au Canada. Sa capitalisation boursière aujourd'hui est 1,5 millions CA$ (1,2 millions US$, 1,1 millions €). La valeur de son action a atteint son plus haut niveau récent le 13 juillet 2007 à 0,49 CA$, et son plus bas niveau récent le 12 août 2015 à 0,01 CA$. CanAm Coal possède 304 329 984 actions en circulation. |
Financements de CanAm Coal Corp |
Communiqués de Presse de CanAm Coal Corp |
Publication de commentaires terminée |
|
|