Avenue Financial Corporation-Private Placement.Business Editors 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 , Ontario--(BUSINESS WIRE)--Jan. 19, 2004 The Corporation (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. ) announced today that it has placed $305,000(CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. ) of its $1,500,000(CDN) private placement by the issue of 3,050,000 Units, each unit consisting of one common share and one warrant entitling the holder to purchase one common share at a price of $0.10 per share for a period of two years. Sale of any further Units will be by way of the brokered private placement described below. Unless permitted under securities legislation, the holder of the securities comprising the units are subject to a four month hold period from the date of issue and shall not trade the securities before that date. Additional Brokered Private Placement The Corporation is proposing to issue up to a further 20,000,000 Units, each unit consisting of one common share and one warrant entitling the holder to purchase one common share at a price of $0.10 per share for a period of two years by means of a brokered private placement. It is expected that this placement will be well received. 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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