World Ventures Inc. Announces Private Placement Financing.NANAIMO, British Columbia There are several federal and provincial electoral districts with the name Nanaimo. These are listed on Nanaimo (electoral districts) "Nanaimo" redirects here. For the SkyTrain station, see Nanaimo Station Nanaimo (IPA: -- World Ventures Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :WVNTF) announces that the Company has negotiated and closed a non-brokered private placement of seven hundred thousand (700,000) units at a price of 15 cents per unit. Each unit is composed of one common share in the capital of World Ventures Inc., and one two-year common share purchase warrant. Each purchase warrant will entitle the holder to purchase one additional common share of World Ventures Inc. for a period of 24 months from closing at an exercise price of 15 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. in the first year and 20 cents in the second year. There are no finders' fees or commission payable in relation to the private placement. Proceeds from the non-brokered private placement will be used to finance general working capital. This press release shall not constitute an offer to sell or the solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual of an offer to buy nor shall there be any sale of the securities in any state of the U.S.A. in which such offer, solicitation or sale would be unlawful. About World Ventures Inc. World Ventures Inc. is an early-stage mining company that focuses on the exploration and production of precious metals Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. . The objective of management is to grow World Ventures into a significant gold and precious metals producer by further developing its Nevada, Saskatchewan and Ontario gold properties, and by acquiring other advanced-stage projects. Disclaimer: This release contains certain statements that are "forward-looking" statements (as the term is defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995) including statements regarding SEC approval and the sufficiency of the funds raised. Any such forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. are inherently speculative and are based on currently available information, operating plans and projections about future expectations and trends. As such, they are subject to numerous risks and uncertainties, such as general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations, and other factors over which World Ventures Inc. may have little or no control. Actual results and performance may be significantly different from expectations or trends expressed or implied by such forward-looking statements. World Ventures Inc. expressly disclaims any obligation to update the statements contained in this release. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion