Avenue Financial Corporation-Further Closing of Brokered Private Placement.TORONTO -- Avenue Financial Corporation ('Avenue') (TSX VENTURE:AFC) is pleased to announce it has closed on a further 4,016,650 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. Avenue has now closed on 18,092,450 of the proposed 20,000,000 units being offered for sale. Avenue is further announcing an additional 5,000,000 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.Notes: This exchange basically contains small-cap Canadian stocks and is home to a lot of high risk penny stocks. See also: Penny Stock, Toronto Stock Exchange approval. About Avenue Financial Corporation Avenue Financial Corporation is a TSX Venture listed company which designs and develops innovative investment products for high net worth investors and select institutions. Through its international affiliates Avenue Financial Corporation plans to be a global administrator of both segregated and pooled managed fund products and services. 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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