Avenue Financial Corporation: Closing of Non-Brokered Private Placement.TORONTO -- Avenue Financial Corporation ('Avenue') (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:AFC (1) (Application Foundation Classes) A class library from Microsoft that provides an application framework and graphics, graphical user interface (GUI) and multimedia routines for Java programmers. ) is pleased to announce it has closed on 11,746,500 of its proposed offering of 20,000,000 units being sold at $0.05 per unit, each unit consisting of one common share and one share purchase warrant entitling the holder to purchase one common share at a price of $0.10 per share for a two year period. Avenue is further announcing an additional 16,000,000 unit increase subject to 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. approval. Proceeds from this financing will be used to retire the balance of the outstanding debenture debenture (dəbĕn`chər), document acknowledging indebtedness. In Great Britain a debenture is practically the same as a bond, and debenture stock is similar to preferred stock. and provide working capital. About Avenue Financial Corporation Avenue Financial Corporation is a TSX Venture listed company listed company n → compañía cotizable listed company n → société cotée en Bourse listed company list n → , which designs and administers world-renowned alternative investment products. Avenue's tax advantaged platform provides Canadian Investors access to the best alternative investment products in the world while investment returns compound tax-free. Access is provided through an investment in Avenue Global Asset Management Inc. ('AGAM'). The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this release. Avenue Financial Corporation (TSX VENTURE:AFC) |
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