Nevado Resources Corp. (TSXV:VDO.V) announced intent to finalize private placement of $7.1 million dollars – Dominion Lending Centres Clearlease
MONTREAL, QUEBEC – (April 20, 2011) Clearlease.com Reports Nevado Resources Corp. (TSXV:VDO.V) announced Tuesday April 19, 2011 its intent to finalize shortly a non-brokered private placement of a maximum of 7.1 million dollars, the whole subject to the approval of the TSX Venture Exchange and regulatory authorities. The terms of the private placement announced by the Corporation in its press release dated February 9, 2011, are rectified by the following. The private placement is expected to close prior to the end of this month. The targeted allocation amounts for the Offering are as follows:
— Super Flow-Through $600,000 — Flow-Through $4,000,000 — Non Flow-Through $2,500,000
Pursuant to the Non Flow-Through Offering, Nevado intends to issue a maximum of five million (5,000,000) units at a price of $0.50 per unit (“Unit”). Each Unit will consist of one (1) common share (“Common Share”) and one-half (1/2) common share purchase warrant (“NFT Warrant”). Each whole NFT Warrant will entitle the holder thereof to acquire one additional common share of the Corporation at a price of $0.70, for a period of twenty-four (24) months from the Closing Date (the “Expiry Date”). Any NFT Warrant that is not exercised prior to 5:00 p.m. (Montreal time) on the Expiry Date will be cancelled and be of no force or effect.
Pursuant to the Flow-Through Offering, Nevado intends to issue a maximum of seven million one hundred forty-two thousand eight hundred fifty-seven (7,142,857) flow-through Common Shares at a price of $0.56 per flow-through Common Share.
Pursuant to the Super Flow-Through Offering, Nevado intends to issue a maximum of one million seventy-one thousand four hundred twenty-eight (1,071,428) super flow-through Common Shares at a price of $0.56 per super flow-through Common Share.
All the Common Shares issued pursuant to the Offering will be subject to a mandatory 4 month plus one (1) day holding period.
The Offering will be made in Canada to “accredited investors” (as that term is defined under National Instrument 45-106 – Prospectus and Registration Exemptions) or pursuant to other applicable prospectus and registration exemptions.
Funds will be spent primarily to advance the Corporation’s higher grade Iron-Titanium-Vanadium La Blache property located just North of Baie-Comeau, Quebec, its iron ore and base metal property in the Fermont region, Quebec, and for general working capital purposes.
The Corporation will pay to various finders, if any, on the Closing Date, a cash fee equal to a maximum of 7% of the gross proceeds raised by said finders pursuant to the Offering.
In response to market conditions for Iron Ore and the drilling results obtained by Nevado, this private placement supersedes et annuls the private placement of a minimum of $4,800,000 and a maximum of $7,200,000 announced by management in February of 2011.
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease / Clearlease.com ) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending / Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900,
555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
MONTREAL, QUEBEC – (April 20, 2011) Clearlease.com Reports Nevado Resources Corp. (TSXV:VDO.V) announced Tuesday April 19, 2011 its intent to finalize shortly a non-brokered private placement of a maximum of 7.1 million dollars, the whole subject to the approval of the TSX Venture Exchange and regulatory authorities. The terms of the private placement announced by the Corporation in its press release dated February 9, 2011, are rectified by the following. The private placement is expected to close prior to the end of this month. The targeted allocation amounts for the Offering are as follows:
— Super Flow-Through $600,000 — Flow-Through $4,000,000 — Non Flow-Through $2,500,000
Pursuant to the Non Flow-Through Offering, Nevado intends to issue a maximum of five million (5,000,000) units at a price of $0.50 per unit (“Unit”). Each Unit will consist of one (1) common share (“Common Share”) and one-half (1/2) common share purchase warrant (“NFT Warrant”). Each whole NFT Warrant will entitle the holder thereof to acquire one additional common share of the Corporation at a price of $0.70, for a period of twenty-four (24) months from the Closing Date (the “Expiry Date”). Any NFT Warrant that is not exercised prior to 5:00 p.m. (Montreal time) on the Expiry Date will be cancelled and be of no force or effect.
Pursuant to the Flow-Through Offering, Nevado intends to issue a maximum of seven million one hundred forty-two thousand eight hundred fifty-seven (7,142,857) flow-through Common Shares at a price of $0.56 per flow-through Common Share.
Pursuant to the Super Flow-Through Offering, Nevado intends to issue a maximum of one million seventy-one thousand four hundred twenty-eight (1,071,428) super flow-through Common Shares at a price of $0.56 per super flow-through Common Share.
All the Common Shares issued pursuant to the Offering will be subject to a mandatory 4 month plus one (1) day holding period.
The Offering will be made in Canada to “accredited investors” (as that term is defined under National Instrument 45-106 – Prospectus and Registration Exemptions) or pursuant to other applicable prospectus and registration exemptions.
Funds will be spent primarily to advance the Corporation’s higher grade Iron-Titanium-Vanadium La Blache property located just North of Baie-Comeau, Quebec, its iron ore and base metal property in the Fermont region, Quebec, and for general working capital purposes.
The Corporation will pay to various finders, if any, on the Closing Date, a cash fee equal to a maximum of 7% of the gross proceeds raised by said finders pursuant to the Offering.
In response to market conditions for Iron Ore and the drilling results obtained by Nevado, this private placement supersedes et annuls the private placement of a minimum of $4,800,000 and a maximum of $7,200,000 announced by management in February of 2011.
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease / Clearlease.com ) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending / Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900,
555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###Nevado Resources Corp. (TSXV:VDO.V) announced intent to finalize private placement of $7.1 million dollars – Dominion Lending Centres Clearlease
MONTREAL, QUEBEC – (April 20, 2011) Clearlease.com Reports Nevado Resources Corp. (TSXV:VDO.V) announced Tuesday April 19, 2011 its intent to finalize shortly a non-brokered private placement of a maximum of 7.1 million dollars, the whole subject to the approval of the TSX Venture Exchange and regulatory authorities. The terms of the private placement announced by the Corporation in its press release dated February 9, 2011, are rectified by the following. The private placement is expected to close prior to the end of this month. The targeted allocation amounts for the Offering are as follows:
— Super Flow-Through $600,000 — Flow-Through $4,000,000 — Non Flow-Through $2,500,000
Pursuant to the Non Flow-Through Offering, Nevado intends to issue a maximum of five million (5,000,000) units at a price of $0.50 per unit (“Unit”). Each Unit will consist of one (1) common share (“Common Share”) and one-half (1/2) common share purchase warrant (“NFT Warrant”). Each whole NFT Warrant will entitle the holder thereof to acquire one additional common share of the Corporation at a price of $0.70, for a period of twenty-four (24) months from the Closing Date (the “Expiry Date”). Any NFT Warrant that is not exercised prior to 5:00 p.m. (Montreal time) on the Expiry Date will be cancelled and be of no force or effect.
Pursuant to the Flow-Through Offering, Nevado intends to issue a maximum of seven million one hundred forty-two thousand eight hundred fifty-seven (7,142,857) flow-through Common Shares at a price of $0.56 per flow-through Common Share.
Pursuant to the Super Flow-Through Offering, Nevado intends to issue a maximum of one million seventy-one thousand four hundred twenty-eight (1,071,428) super flow-through Common Shares at a price of $0.56 per super flow-through Common Share.
All the Common Shares issued pursuant to the Offering will be subject to a mandatory 4 month plus one (1) day holding period.
The Offering will be made in Canada to “accredited investors” (as that term is defined under National Instrument 45-106 – Prospectus and Registration Exemptions) or pursuant to other applicable prospectus and registration exemptions.
Funds will be spent primarily to advance the Corporation’s higher grade Iron-Titanium-Vanadium La Blache property located just North of Baie-Comeau, Quebec, its iron ore and base metal property in the Fermont region, Quebec, and for general working capital purposes.
The Corporation will pay to various finders, if any, on the Closing Date, a cash fee equal to a maximum of 7% of the gross proceeds raised by said finders pursuant to the Offering.
In response to market conditions for Iron Ore and the drilling results obtained by Nevado, this private placement supersedes et annuls the private placement of a minimum of $4,800,000 and a maximum of $7,200,000 announced by management in February of 2011.
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease / Clearlease.com ) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending / Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900,
555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
