pcNewsWire – Makena Resources Inc. (TSX-V: MKNA; FSE: A1KB6R; OTCGM: CANSF) intends to undertake a private placement financing of up to 14,583,333 units at $0.12 per unit for gross proceeds of up to $1,750,000.
News Release
May 19, 2017
Trading Symbol: MKNA – TSX Venture Exchange; A1KB6R – Germany; CANSF – USA
Makena Announces Private Placement
Makena Resources Inc. (“Makena” or the “Company”) is pleased to announce it intends to undertake a private placement financing of up to 14,583,333 units (each a “Unit”) at a price of $0.12 per Unit for gross proceeds of up to $1,750,000. Each Unit will consist of one common share and one share purchase warrant (each, a “Warrant”), and each Warrant will entitle the holder to purchase one additional share at a price of $0.16 per share for a period of five years from closing of the financing.
All securities issued in the financing will be subject to a statutory hold period expiring four months and one day after closing of the financing. Completion of the financing is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals, including approval of the TSX Venture Exchange.
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Contact Information
Tel: 1.604.685.5150
Fax: 1(604) 689‐1733
“Spencer Smyl”
Director
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.
Source: Makena Resources Inc.
