Thelon Capital Ltd.: Non-Brokered Private Placement Closed
14 April 2011 - 4:29PM
Marketwired
Thelon Capital Ltd. (TSX VENTURE: THC)(FRANKFURT: TFHC) is pleased
to announce that it has closed the second traunch of $3,137,500 for
a total of $4,762,900 non-brokered private placement at $0.45 a
unit announced March 1, 2011. Each unit will consist of one common
share and one 2-year share purchase warrant exercisable at $1.00
the first year and $1.25 the second. The shares will have a hold
period until Aug 13, 2011.
The placees included Mr. William Cousins and Mr. George Heard,
both recently announced as new directors and officers to the
Company's Board.
"This investment by Tony and George is a strong statement of
their commitment and excitement in making Thelon a major
Appalachian Coal producer. We thank them for their strong
endorsement of our business plan, as demonstrated by their
significant personal investment in Thelon." Jason Walsh,
President.
THELON CAPITAL LTD.
On behalf of the Board of Directors
Jason Walsh, President
Neither the TSX Venture Exchange nor the Investment Industry
Regulatory Organization of Canada accepts responsibility for the
adequacy or accuracy of this release.
Contacts: Thelon Capital Ltd. Jason Walsh President (604)
682-1643 (604) 682-1666 (FAX) www.theloncapital.com
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