Continental Announces the Closing of Private Placement Unit Offering.TORONTO -- Private Placement fully Subscribed Fully Subscribed A situation in which an underwriting firm has successfully sold to investors all of its available issues of a public offering of securities. When the issue is fully subscribed, the underwriter's risk of being undersubscribed (being unable to sell its allotment of Continental Cash Technologies Corporation (the "Company") (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:CNT (Carbon NanoTube) See nanotube. ) is pleased to announce that it has received approval from 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. for the filing of documentation submitted in respect of the August 23, 2004 closing of the Company's Private Placement Unit Offering (the "Private Placement"). The Company raised $150,000 under the Private Placement. Units were priced at $0.12 and consist of one common share and one common share purchase warrant exercisable at $0.15 per share for a period of two years from Closing. Securities issued pursuant to the Private Placement are subject to a four month hold period from the date of Closing. In connection with the Private Placement, the Company paid a Finders' Fee in the aggregate amount of $11,200 cash and 116,667 Common Share Purchase Warrants exercisable at $0.15 per share for a period of two years from Closing. About Continental Cash Technologies Corp. The Company operates two subsidiary companies; Continental Asset Management Inc. (CAM) and Health Promotions Strategies Inc. (HPSI HPSI High Pressure Safety Injection HPSI Human-Ported System Interface ). CAM operates white label Automated Teller and Point of Sale Machines and is a preferred supplier of Ingenico Canada Ltd.; a wholly owned subsidiary 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. of one of the world's largest manufacturers of debit and credit point of sale systems hardware. HPSI is a registered gaming equipment supplier providing fundraising services to 150 charitable organizations through its line of "Break Open Tickets". Share Price: $0.145 (Sept 2, 2004) Shares Outstanding: 7,123,260 Continental Cash Technologies Corp. (TSX VENTURE:CNT) |
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