CELLSTOP SYSTEMS INC. ("KNO.H")
BULLETIN TYPE: Private Placement-Non-Brokered, Shares for Debt
BULLETIN DATE: October 13, 2010
NEX Company
Private Placement-Non-Brokered:
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced October 13, 2010:
Number of Shares: 5,555,556 shares
Purchase Price: $0.09 per share
Warrants: 5,555,556 share purchase warrants to purchase 5,555,556 shares
Warrant Exercise Price: $0.12 for a one year period
Number of Placees: 6 placees
Insider / Pro Group Participation: N/A
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly.
Shares for Debt:
TSX Venture Exchange has accepted for filing the Company's proposal to issue 1,111,111 shares and 1,111,111 share purchase warrants to settle outstanding debt for $100,000.
Number of Creditors: 1 Creditor
Insider / Pro Group Participation: N/A
Warrants: 1,111,111 share purchase warrants to purchase 1,111,111 shares
Warrant Exercise Price: $0.12 for a one year period
The Company shall issue a news release when the shares are issued and the debt extinguished.
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