Ced-Or Corporation: Preparing a Private Placement of $500,000 'CA'.MONTREAL -- Ced-Or Corporation ("Ced-Or") (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:COQ) announces that it is currently preparing a private placement with Groupe Manexco Inc. ("Manexco"), the majority shareholder of Ced-Or, 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. which Ced-Or would issue to Manexco 2,500,000 common shares of its capital stock at $0,20 (CA) per share for a total of $ 500,000 (CA) and 2,500,000 warrants, that is one warrant per share. Each warrant allows its holder to subscribe to one common share in the capital stock of Ced-Or at $0,40 (CA) per share within 24 months from the date of the placement. The proceeds from the said $ 500,000 (CA) placement, will be primarily to finance the activities to finalize the value-added and cedar oriented strand board Oriented strand board, or OSB, or waferboard, or Sterling board (UK), is an engineered wood product formed by layering strands (flakes) of wood in specific orientations. ("OSB OSB abbr. Order of Saint Benedict ") project in Bearn, Temiscamingue. 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 VENTURE:COQ) |
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