Airesurf Proposes Private Placement.TORONTO Toronto (tərŏn`tō), city (1998 est pop. 2,400,000), provincial capital, S Ont., Canada, on Lake Ontario. Toronto is the largest city in Canada and since the 1970s has been one of the fastest-changing cities in North America, experiencing -- AireSurf Networks Holdings Inc. (CNQ CNQ Cost of Non Quality CNQ Canadian Trading & Quotation System Inc. CNQ Club Neon Quebec (Quebec Neon Club) :AIRE) is pleased to announce that it has completed the first tranche Tranche One of several related securities offered at the same time. Tranches from the same offering usually have different risk, reward, and/or maturity characteristics. tranche A class of bonds. of a private placement of units of the Company, issuing 650,000 units of the Company at a price of $0.10 per unit for aggregate gross proceeds of $65,000. Each unit is comprised of one class A voting share and one class A voting share purchase warrant. Each warrant entitles the holder thereof to acquire an additional class A voting share at a price of $0.15 for a period of two years following the closing of the offering. The proceeds of the private placement will be used for general working capital purposes. The Company continues its effort to raise an additional $85,000. Completion of the private placement is subject to regulatory reg·u·late tr.v. reg·u·lat·ed, reg·u·lat·ing, reg·u·lates 1. To control or direct according to rule, principle, or law. 2. approval, including satisfaction of the requirements of the CNQ. Shares Outstanding: 24,421,328 AireSurf Networks Holdings Inc. (CNQ:AIRE) |
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