Ced-Or: Realization of a Private Placement of $1,000,000.MONTREAL -- Ced-Or Corporation ("Ced-Or") is pleased to announce it has completed with Manexco Group Inc. ("Manexco"), the main Ced-Or shareholder, a private placement totaling $1,000,000. The private placement generated funds will be used mainly for the Ced-Or working capital required for finalizing as well the added-value oriented stranded board ("OSB OSB abbr. Order of Saint Benedict ") mill project in Temiscamingue than the Maniwaki sawmill sawmill, installation or facility in which cut logs are sawed into standard-sized boards and timbers. The saws used in such an installation are generally of three types: the circular saw, which consists of a disk with teeth around its edge; the band saw, which and the Mont-Laurier Added Value Added value in financial analysis of shares is to be distinguished from value added. Used as a measure of shareholder value, calculated using the formula:
According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the terms of the transaction, Manexco has subscribed for a total of $1,000,000 at 4,000,000 common shares of Ced-Or share-capital at a price of $0.25 per share, plus an option for 4,000,000 warrants. Each warrant allows Manexco to subscribe one common share at a price of $0.50 per share during the 24 months following the placement date. The private placement, announced on July 30th 2004, was having a minimum target of $750,000; Ced-or is pleased to observe the Manexco confidence with Ced-Or. The shares issued to Manexco and the shares that could be issued to it when it will apply its warrant options, will have to be held for a minimum period of four (4) months from the placement date before the shares be authorized to be sold. This placement has been done without any intermediary and no commission or brokers fees are payable. Ced-Or common shares trade 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. The TSX Venture Exchange is not responsible in any way whatsoever for the authenticity or accuracy of this release. CED-OR CORPORATION (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:COQ) |
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