Stock Symbol: IFX
MONTREAL, Dec. 11, 2014 /CNW Telbec/ - Imaflex Inc. (TSXV:
IFX) ("Imaflex" or the "Corporation") is pleased to
announce its intention to complete a non-brokered private placement
of up to 2,222,222 units (the "Units") at a price of
$0.45 per Unit for maximum gross
proceeds of $1,000,000 (the
"Offering"). Each Unit is comprised of one common share of
the Corporation (the "Common Shares"), and one half of one
common share purchase warrant (the "Warrants"). Each full
Warrant will entitle the holder thereof to purchase one additional
Common Share at an exercise price of $0.65 per Common Share for a period of twelve
(12) months from the closing of the Offering.
The Corporation may receive subscribers referrals from different
finders (the "Finders") in connection with the Offering. In
such case, the Corporation has agreed to pay the Finders a cash
commission equal to 6.0% of the gross proceeds of the Offering from
subscribers introduced to the Corporation by such Finders and
finders' fee options equal to 6.0% of the total number of Units
sold pursuant to the Offering to subscribers introduced to the
Corporation by such Finders (collectively, the "Finders'
Warrants"). Each Finders' Warrant will entitle the holder
thereof to purchase one Common Share at an exercise price of
$0.65 for a period of 12 months
following the closing of the Offering.
The proceeds of the financing will be used for working capital
purposes.
The Offering is being made on a private placement basis pursuant
to prospectus exemptions of applicable securities laws and is
subject to acceptance by the TSX Venture Exchange. All securities
issued in connection with the Offering will be subject to a
four-month and one day hold period.
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.
The statements in this release relating to matters that
are not historical facts (including, without limitation, those
regarding the timing or outcome of any financing undertaken by the
Corporation) are forward-looking statements that involve certain
risks, uncertainties and hypotheses, including, but not limited to,
general business and economic conditions, the condition of the
financial markets, the ability of Imaflex to obtain financing on a
favourable terms and other risks and uncertainties.
SOURCE Imaflex Inc.