News
|
News Releases
April 17, 2006
Private Placements and Incentive Stock Options
E-Energy Ventures Inc. (the "Company") wishes to announce that it has entered
into a non-brokered private placement for the sale of 12 million units at a
price of $0.07 for a total of $840,000. Each unit will consist of 1 common share
and 1 non-transferable share purchase warrant for the purchase of 1 further
common share of the Company within two year from the date of closing. The
exercise price for the warrants is $0.12 per share. The funds shall be used for
the Company's general working capital and its exploration programs. The maximum
allowable finder's fee shall be payable.
The Company also wishes to announce the granting of incentive stock option for a
total of 500,000 shares at a price of $0.12 per share. The options will have an
exercise term of three years.
On behalf of the Board of Directors
E-Energy Ventures Inc.
Simon TamTHE TSX VENTURE EXCHANGE HAS NEITHER APPROVED OR DISAPPROVED
OF THE CONTENTS HEREIN.
Go back to the previous page
|