Hey All,
Just grabbed this off of stockwatch. I don't really know how far 600,000 is going to go but I guess its a start. I hate how Edwards ends all of his emails/news releases with "We seek safe harbor". It really pisses me off.
Anyway anyone have any thoughts on this??
Akerman
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Canadian Imperial closes first tranche, raises $600,000
2009-08-04 07:22 ET - News Release
Mr. Gerard Edwards reports
CANADIAN IMPERIAL VENTURE CORP. ANNOUNCES FIRST CLOSING OF PRIVATE PLACEMENT
Canadian Imperial Venture Corp. has completed the first closing of the non-brokered private placement previously announced in Stockwatch on June 3, 2009.
Upon the first closing, a total of 28 million units and two million flow-through shares were sold for proceeds of $600,000. The proceeds from the private placement will be used for additional exploration on the company's properties in western Newfoundland and in Alberta, and for working capital.
Each unit consists of one common share in the capital of the company and one-half of one non-transferable share purchase warrant. One whole warrant will entitle the holder to buy an additional share in the capital of the company for a period of two years at a price of five cents per share during the first year and at a price of 10 cents per share during the remaining term of the warrant.
All stock purchased under this private placement will have a four-month hold period, which expires Dec. 1, 2009.
We seek Safe Harbor.
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