Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/select-sands-to-conduct-040-cdn-private-placement.shtmlSelect Sands to conduct $0.40 CDN private placement
Select Sands Corp. will conduct a non-brokered private placement of up to 3,750,000 units (Units) at a price of $0.40 per Unit for aggregate
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Select Sands Corp. will conduct a non-brokered private placement of up to 3,750,000 units (Units) at a price of $0.40 per Unit for aggregate gross proceeds of up to $1,500,000. Each Unit will be comprised of one common share of the Company and one common share purchase warrant, with each whole warrant entitling the holder to purchase a further common share of the Company at a price of $0.60 for a period of three years after closing.
"We are very pleased to be able to bring additional financing into the Company at a premium to the current market price," stated Rasool Mohammad, President and CEO of Select Sands. "Although the Company is sufficiently funded to reach its milestones, having a strong treasury strengthens the Company's position as a new silica sands provider in the marketplace."
