Apogee Completes Private Placement Financing.TORONTO -- Apogee apogee (ăp`əjē), point farthest from the earth in the orbit of a body about the earth. See apsis. The farthest point. Minerals Ltd. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:APE ape, any primate of the subfamily Hominoidea, with the possible exception of humans. The small apes, the gibbon and the siamang, and the orangutan, one of the great apes, are found in SE Asia. ) has completed its private placement offering of 5,282,500 Units at $0.40 per Unit for gross proceeds of $2,113,000. Each Unit consists of one common share and one half common share purchase warrant. Each whole warrant entitles the holder to acquire one common share, exercisable at a price of $0.60 per share until August 8, 2006. Each of the common shares and the shares issued upon the exercise of the warrants will be subject to a hold period that will expire on June 10, 2005. The proceeds will be used by the Company for exploration purposes as well as for general corporate purposes. In connection with the financing, Forbes & Manhattan, Inc. was provided with a finder's fee Finder's fee A fee a person or company charges for service as an intermediary in a transaction. finder's fee The charge levied by a person or firm for putting together a deal. of $211,300. The company has granted 300,000 options to officers and directors of the company to purchase common shares at $0.40 per share, subject to regulatory approval. Apogee Minerals Ltd. Is a Canadian exploration and development company listed on 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. under the symbol "APE". Apogee Minerals Ltd. (TSX VENTURE:APE) |
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