Avenue Financial Corporation Completes 11,663,900 Units Of 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 -- Second Closing of Brokered Private Placement 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 a further 2,907,900 units of its proposed offering of 20,000,000 units being sold at $0.10 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. These securities are subject to a four month hold period from the date of issuance of the securities. Avenue has now closed on 11,663,900 units of the proposed 20,000,000 units being offered for sale. Avenue is continuing with this private placement through Union Securities Ltd. Update on Product Launch Avenue Financial Corporation has entered into an agreement with IAS/Just Systems to provide accounting and administration services. As well, Avenue has been accepted as a member of FundSERV through whom clearing and settlement services will be provided under the Manufacturer Code of AGA. Commented Colin Col´in n. 1. (Zool.) The American quail or bobwhite. The name is also applied to other related species. See Bobwhite. Berrie, President, 'We continue to make great progress and look forward to the successful product launch in October'. 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, develops, and distributes innovative investment products for high net worth investors and select institutions. Through its international affiliates Avenue Financial plans to be a global administrator of both segregated and pooled managed fund products and services. Avenue Financial Corporation 95 Wellington St West, Suite 707 Toronto, Ontario M5J 2N7 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. has not reviewed and does not accept responsibility for the adequacy of this release. |
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