Clearly Canadian Beverage Corp. makes announcement.VANCOUVER, B.C.--(BUSINESS WIRE)--April 29, 1996--Clearly Canadian Beverage Corporation (the "Company") wishes to announce that it is proceeding with a private placement of 2,000,000 special warrants at a price of $3.15 per special warrant. Each special warrant is exchangeable, for no additional consideration, into units, with each unit being comprised of one common share and one non-transferable share purchase warrant. Each share purchase warrant will entitle the holder to acquire one additional share at a price of $4.00 per share over a period of one year. The Company has agreed to qualify the underlying securities to the special warrants by the filing of an exchange offering prospectus. If a receipt for a final exchange offering prospectus is not issued within 120 days from the date of the closing of the purchase and sale of the special warrants, each special warrant will then be exchangeable into 1.1 common share and 1.1 non-transferable share purchase warrant. A finder's fee Finder's fee A fee a person or company charges for service as an intermediary in a transaction. finder's fee The charge levied by a person or firm for putting together a deal. is proposed to be paid in connection with the special warrant private placement. The net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). from the private placement will be applied towards working capital for prospective project acquisitions, for product development and distribution initiatives and for investment diversification. ON BEHALF OF THE BOARD OF DIRECTORS DOUGLAS L. MASON, DIRECTOR CHIEF EXECUTIVE OFFICER & PRESIDENT -0- NOTE TO EDITORS: CLEARLY CANADIAN This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. BEVERAGE CORPORATION is the registered holder of the trademark CLEARLY CANADIAN(R). CLEARLY CANADIAN BEVERAGE CORPORATION, and its wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , manufacture, distribute and market CLEARLY CANADIAN(R), CLEARLY TEA(TM) and CLEARLY 2(TM) flavoured adj. 1. same as flavored; - of foods. and unflavoured water beverages. Through distribution and/or licensing agreements, CLEARLY CANADIAN(R) products are sold throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Canada, Japan, the United Kingdom, the Republic of Ireland, the Caribbean and other countries worldwide. The Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. CONTACT: Clearly Canadian Beverage Corporation Douglas L. Mason, 604/683-0312 1-800-663-5658 (Toll Free in U.S.A.) 1-800-663-0227 (Toll Free in Canada) 604/683-2256 (Fax) |
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