Alliance Financing Group Announces Private Placement.TORONTO -- Alliance Financing Group Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:AFG AFG Afghanistan (international vehicle registration) AFG American Financial Group AFG Assistance to Firefighters Grant AFG Arbeitsförderungsgesetz (German: Labor Advancement Law) AFG Accreditation for Growth ) wishes to announce a non-brokered private placement financing of 2,163,329 units at $0.10 per unit to raise gross proceeds of $216,333 subject to final approval of the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. .Each unit consists of one common share and one common share purchase warrant.Each common share purchase warrant entitles the holder to acquire one common share of Alliance at a price of $0.20 for two years from the closing of the financing. The securities issued pursuant to the financing will have a hold period of four months and one day from the date of issuance. Alliance intends to use the proceeds of the financing for general corporate purposes. Prior to issuance of the securities contemplated herein, Alliance had 11,972,319 common shares issued and outstanding. About Alliance Financing Group Inc. Alliance Financing is a diversified commercial finance institution that specializes in providing branded or white labelled asset based financing solutions, to the SMB (1) (Small to Medium-sized Business) Also called "SME" (small to medium-sized enterprise), it refers to companies that are larger than the small office/home office (SOHO), but not huge. (Small to Mid-sized Business) marketplace and to public sector organizations. Alliance Financing works within a multi-underwriter business model, providing a comprehensive suite of financing options available from selected underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. partners, which include banks, lessors, and other financial institutions. Its financing solutions are delivered through both traditional bricks and mortar A store (shop, supermarket, department store, etc.) in the real world. Contrast with clicks and mortar. channels and various Internet channels The Internet Channel is a version of the Opera 9 web browser for use on the Wii by Opera Software and Nintendo.[1] On December 22, 2006, a free beta version (promoted as a "trial version") of the browser was released. . Alliance Financing maintains a "high-tech, human touch" philosophy; utilizing a combination of proprietary technology - such as its private labelled online financing tools, selected ASP technologies, and a dedicated staff of finance professionals to deliver its products and solutions. For more information about Alliance Financing Group Inc. please visit www.alliancefinancing.com. The TSX Venture Exchange has not reviewed and does not accept resp onsibility for the adequacy or accuracy of this press release. Alliance Financing Group Inc. (TSX VENTURE:AFG) |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion