Blue Vista Announces Completion of First Tranche of Private Placement
08 April 2010 - 4:23AM
Marketwired
Blue Vista Technologies Inc. (TSX VENTURE: BV.H) ("Blue Vista") is
pleased to announce that further to its press release dated
February 3, 2010 announcing a proposed private placement of up to
10,000,000 units of the Company, it has completed the first tranche
consisting of 1,710,000 units at a price of $0.05 per unit for
gross proceeds of $85,500. Each unit is comprised of one common
share and one half of one common share purchase warrant, each whole
warrant entitling the holder thereof to acquire a common share for
a period of one year from the date of issuance, exercisable at a
price of $0.10 per share.
The securities issued are subject to a four month hold period,
expiring on July 30, 2010. Completion of the private placement is
subject to regulatory approval, including satisfaction of the
requirements of the NEX.
This press release includes "forward looking statements", within
the meaning of applicable securities legislation, which are based
on the opinions and estimates of management and are subject to a
variety of risks and uncertainties and other factors that could
cause actual events or results to differ materially from those
projected in the forward looking statements. Forward-looking
statements are often, but not always, identified by the use of
words such as "seek", "anticipate", "budget", "plan", "continue",
"estimate", "expect", "forecast", "may", "will", "project",
"predict", "potential", "targeting", "intend", "could", "might",
"should", "believe" and similar words suggesting future outcomes or
statements regarding an outlook. Due to the risks, uncertainties
and assumptions inherent in forward-looking statements, prospective
investors in securities of Blue Vista should not place undue
reliance on these forward-looking statements. The forward-looking
statements contained in this press release are made as of the date
hereof and Blue Vista undertakes no obligation to update publicly
or revise any forward-looking statements contained in this press
release or in any other documents filed with Canadian securities
regulatory authorities, whether as a result of new information,
future events or otherwise, except in accordance with applicable
securities laws. The forward-looking statements contained in this
press release are expressly qualified by this cautionary
statement.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
Contacts: Blue Vista Technologies Inc. Alex Falconer CFO (416)
637-1063 falconer@revelstone.ca
(TSXV:BV.H)
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