CityView Completes $2.65 Million Placement.PERTH, Australia -- CityView Corporation Ltd. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CTVWF) (ASX ASX See: Australian Stock Exchange :CVI CVI C (Language) Virtual Instrument CVI Clinical and Vaccine Immunology (journal) CVI Chronic Venous Insufficiency CVI Coastal Vulnerability Index CVI Canaan Valley Institute ) (FWB (Fixed Wireless Broadband) See fixed wireless. :C4Z), is pleased to announce that it has successfully completed the placement of 21.2 million ordinary shares at $0.125 per share to raise $2.65 million. For every two shares issued in the placement one free attaching unlisted option with an exercise price of $0.15 (15 cents) will be issued to investors exercisable any time up to 30 November 2009. Intersuisse Corporate Pty Ltd acted as manager to the placement, with the participation from local and overseas sophisticated and other investors under Section 708 of the Corporations Act. The Company will utilise the funds raised through this placement to fast track its drilling programme at the Longonjo minerals project and the development of its North Matanda PH72 project in Cameroon and the Kwanza Basin negotiations in Angola. Mark Smyth Chief Executive Officer. About CityView Corporation City View Corporation Ltd. is an exploration and development company. It is managements' objective to grow CityView into a significant uranium, beryllium beryllium (bərĭl`ēəm) [from beryl ], metallic chemical element; symbol Be; at. no. 4; at. wt. 9.01218; m.p. about 1,278°C;; b.p. 2,970°C; (estimated); sp. gr. 1.85 at 20°C;; valence +2. , oil and gas project by developing its interest in Angola. The company trades on the OTCBB market under the symbol "CTVWF" and on the Australian Exchange under the symbol "CVI". For more information please visit the company's web site at: www.cityviewcorp.com Forward-Looking Statements This news release includes comments that may be deemed forward-looking within the meaning of the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provision of the U.S. Federal Securities Laws. These include, among other things, statements about expectations of future transactions or events, revenues, and performance. Forward-looking statements are subject to risk and uncertainties that may cause the company's results to differ materially from expectations. These risks include the company's ability to complete transactions which remain subject to a due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. review, obtaining any regulatory approvals, having necessary financing in time to meet contractual obligations, developing appropriate strategic alliances, raising working capital, building a functional infrastructure, and other such risks as the company may identify from time to time. Accordingly, there is no certainty that the company's plans will be achieved. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion