Thelon Capital Ltd.: $4.5 Million Non Brokered Financing Arranged/Launch IR Joins the Team
01 März 2011 - 9:17PM
Marketwired
Thelon Capital Ltd. (TSX VENTURE: THC)(FRANKFURT: TFHC) is pleased
to announce that it has arranged for a $4,500,000 Non Brokered
Private Placement at $0.45 a unit. Each unit will consist of one
common share and one 2 year share purchase warrant exercisable @
$1.00 the first year and $1.25 the second. This is subject to TSX
Venture Exchange approval.
Thelon Capital Ltd. is also pleased to announce that it has
engaged Launch IR Capital Inc. ("Launch") for investor relation
services. Launch is an Ottawa based consulting firm with
connections and strong ties to industry leading investment firms in
the United States, Europe and Canada. Launch IR works with select
groups of exceptional junior exploration companies, collaborating
with management to secure premium valuations.
The agreement is for a 4 month term. Thelon has agreed to pay
Launch a cash fee of $7,000 per month. Thelon has also agreed to
grant Launch 350,000 options of THC at a price of $0.45 with an
exercise period of 2 years, which options vest in accordance with
the policies of the TSX Venture Exchange.
The agreement is subject to the acceptance of the TSX Venture
Exchange.
There is a finder's fee payable in connection with the Private
Placement.
THELON CAPITAL LTD.
On behalf of the Board of Directors
Jason Walsh, President
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news
release.
Contacts: Thelon Capital Ltd. Jason Walsh President (604)
682-1643 (604) 682-1666 (FAX) www.theloncapital.com
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