Proceeds will enable faster market availability of new high capacity broadband services
April 7, 2010 (Vancouver, BC) – Radiant Communications Corp. (the “Corporation”) (TSX-V: RCN), Canada's leading supplier of Broadband Solutions for Business™, today announced two non-brokered private placements that will increase the funds available to invest in new technologies and markets.
QHR Technologies Inc. ("QHR" or the "Company") (TSX VENTURE:QHR) is pleased that the TSX Venture Exchange has accepted QHR's $1,040,000 non-brokered private placement for filing documentation on March 22, 2010. The Company announced the private placement on March 10, 2010 and completed the private placement on March 17, 2010.
Neovasc Inc. (TSXV: NVC) today announced that it has completed the first tranche of a previously announced non-brokered private placement of approximately 7.4 million units at the price of $0.27 per unit for aggregate gross proceeds of up to $2.0 million. The proceeds of the offering will be used primarily to fund the COSIRA trial – a multi-center clinical trial intended to demonstrate the safety and efficacy of the company’s Reducer™ product for treating refractory angina.
International Bio Recovery Corporation ("IBR") (TSX-V: IBR.V) is pleased to announce that it has closed a non-brokered private placement of 22,851,499 units at $0.10. Each unit consists of one common share and one share purchase warrant exercisable at $0.125 for 2 years; the warrants will contain provisions that a) they cannot be exercised until four months after closing, and b) they must be exercised within 30 days of notice from IBR that the closing price of IBR's shares has been $0.25 per share for 20 consecutive trading days.
Neovasc Inc. (TSXV: NVC) today announced that it intends to undertake a non-brokered private placement of approximately 3.7 million units at the price of $0.27 per unit for aggregate gross proceeds of $1.0 million. The private placement will include an over-allotment provision enabling the placement of an additional approximately 3.7 million units for total aggregate gross proceeds of $2.0 million.
International Bio Recovery Corporation ("IBR") (TSX-V: IBR.V) is pleased to announce that it has increased a non-brokered private placement up to 25,000,000 common share units at a price of $0.10 per unit for gross proceeds of up to $2,500,000. On October 16, 2009, the Company announced a non-brokered private placement of up to 22,000,000 common shares; subscriptions have been received and there are a number of additional investors interested in participating. The Company expects to close the private placement before the end of the year.
Vancouver, Canada November 23, 2009 – Versatile Systems Inc. (Trading symbols on the TSX
Venture Exchange: VV and on AIM: VVS), announces that it intends to offer a non-brokered private placement of 39,000,000 Common Shares at a price of CDN $0.105 per Share for gross proceeds of CDN $4,095,000. Two of the independent directors of Versatile have participated in this placement subscribing for all of the Shares. Alessandro Benedetti will subscribe for 19,500,000 Shares of the private placement. Bertrand des Pallieres will subscribe for 19,500,000 Shares of the private placement.
Vancouver, British Columbia – September 10, 2009 – Lignol Energy Corporation (TSX-V: LEC) ("Lignol" or "the Company"), a leading technology company in the cellulosic ethanol and biorefining sector, today announced that a project led by its wholly-owned subsidiary, Lignol Innovations Ltd., has been awarded up to $4.72 million in funding contributions from Sustainable Development Technology Canada (“SDTC”).
Vancouver, British Columbia – September 3, 2009 – Lignol Energy Corporation (TSX-V: LEC) ("Lignol" or "the Company"), a leading technology company in the cellulosic ethanol and biorefining sector, today announced that a project led by its wholly-owned subsidiary, Lignol Innovations Ltd., has been awarded up to $1.18 million in funding assistance from BC Bioenergy Network Association ("BCBN"). With this contribution, BCBN will provide funding to Lignol to work with several British Columbia Universities to support mission-driven lignin research for commercial applications.
VANCOUVER, BC – August 10, 2009 – IP Applications Corp. (TSX-Venture: IPX) ("IP Applications" or the "Company") is pleased to announce that, further to the Company’s news release of May 26, 2009, it has formally closed its non-brokered private placement and raised gross proceeds of $1,000,000.