Dominion Lending Centres Clearlease Reports ValGold (NYSE:VAL) Completes Non-Brokered Private Placement Financing
VANCOUVER, BRITISH COLUMBIA – (May 4, 2011) Clearlease Reports ValGold Resources Ltd. (NYSE:VAL) is pleased to announce that it has completed its non-brokered private placement previously announced April 12 and April 27, 2011. A total of 6,785,000 common shares (the “Shares”) were sold at a price of $0.27 per share (the “Offering”) for gross proceeds of $1,831,950.
Compensation was paid to a certain eligible arm’s-length party (the “Finder”) in consideration for securing subscribers for the Offering. The compensation is comprised of two components consisting of a Finder’s commission totaling 180,000 common shares (equal to 5% of the gross proceeds raised from the Offering attributable to the Finder) as well as Finder’s Warrants totaling 180,000 non-transferable common shares (equal to 5% of the number of Shares sold in the Offering attributable to the Finder). Each Finder’s Warrant is exercisable to acquire one common share in the capital of the Company at a price of $0.30 per share and expires 18 months after closing expiring on November 3, 2012.
All securities issued with respect to this non-brokered private placement are subject to a four months plus one day hold period expiring on September 4, 2011, in accordance with the policies of the TSX Venture Exchange and the provisions of the Securities Act (British Columbia).
The proceeds from the non-brokered private placement will be used for the maintenance of ValGold’s exploration properties and for general working capital.
For more information on ValGold’s Canadian gold projects (Tower Mountain and Garrison) and its international projects, please visit our website at www.valgold.com.
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.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
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 DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
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Video Link: http://youtu.be/f_kk7WJa7Uk
VANCOUVER, BRITISH COLUMBIA – (May 4, 2011) Clearlease Reports ValGold Resources Ltd. (NYSE:VAL) is pleased to announce that it has completed its non-brokered private placement previously announced April 12 and April 27, 2011. A total of 6,785,000 common shares (the “Shares”) were sold at a price of $0.27 per share (the “Offering”) for gross proceeds of $1,831,950.
Compensation was paid to a certain eligible arm’s-length party (the “Finder”) in consideration for securing subscribers for the Offering. The compensation is comprised of two components consisting of a Finder’s commission totaling 180,000 common shares (equal to 5% of the gross proceeds raised from the Offering attributable to the Finder) as well as Finder’s Warrants totaling 180,000 non-transferable common shares (equal to 5% of the number of Shares sold in the Offering attributable to the Finder). Each Finder’s Warrant is exercisable to acquire one common share in the capital of the Company at a price of $0.30 per share and expires 18 months after closing expiring on November 3, 2012.
All securities issued with respect to this non-brokered private placement are subject to a four months plus one day hold period expiring on September 4, 2011, in accordance with the policies of the TSX Venture Exchange and the provisions of the Securities Act (British Columbia).
The proceeds from the non-brokered private placement will be used for the maintenance of ValGold’s exploration properties and for general working capital.
For more information on ValGold’s Canadian gold projects (Tower Mountain and Garrison) and its international projects, please visit our website at www.valgold.com.
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.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
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 DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Reports ValGold (NYSE:VAL) Completes Non-Brokered Private Placement Financing
VANCOUVER, BRITISH COLUMBIA – (May 4, 2011) Clearlease Reports ValGold Resources Ltd. (NYSE:VAL) is pleased to announce that it has completed its non-brokered private placement previously announced April 12 and April 27, 2011. A total of 6,785,000 common shares (the “Shares”) were sold at a price of $0.27 per share (the “Offering”) for gross proceeds of $1,831,950.
Compensation was paid to a certain eligible arm’s-length party (the “Finder”) in consideration for securing subscribers for the Offering. The compensation is comprised of two components consisting of a Finder’s commission totaling 180,000 common shares (equal to 5% of the gross proceeds raised from the Offering attributable to the Finder) as well as Finder’s Warrants totaling 180,000 non-transferable common shares (equal to 5% of the number of Shares sold in the Offering attributable to the Finder). Each Finder’s Warrant is exercisable to acquire one common share in the capital of the Company at a price of $0.30 per share and expires 18 months after closing expiring on November 3, 2012.
All securities issued with respect to this non-brokered private placement are subject to a four months plus one day hold period expiring on September 4, 2011, in accordance with the policies of the TSX Venture Exchange and the provisions of the Securities Act (British Columbia).
The proceeds from the non-brokered private placement will be used for the maintenance of ValGold’s exploration properties and for general working capital.
For more information on ValGold’s Canadian gold projects (Tower Mountain and Garrison) and its international projects, please visit our website at www.valgold.com.
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.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
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 DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk