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    CBM Asia Development Corp. Closes First Tranche of Private Placement

    Investing News Network
    Aug. 26, 2013 11:56AM PST
    Oil and Gas Investing

    CBM Asia Development Corp. (TSXV:TCF,US:CBMDF,FWB:IY2) closed the first tranche of its non-brokered private placement of 8,600,000 common shares, at a price of $0.10 per share, for gross proceeds of $860,000.

     CBM Asia Development Corp. (TSXV:TCF,US:CBMDF,FWB:IY2) closed the first tranche of its non-brokered private placement of 8,600,000 common shares, at a price of $0.10 per share, for gross proceeds of $860,000.

    As quoted in the press release:

    …announces that further to its news release of August 6, 2013, the Company has completed a first retail tranche of 8,600,000 common shares at a price of $0.10 per share for gross proceeds of $860,000, subject to finder’s fees totaling $36,750.

    A second retail tranche is currently being placed with a view to completing same by the first or second week of September, 2013.

    Click here to read the CBM Asia Development Corp. (TSXV:TCF,US:CBMDF,FWB:IY2) press release

    See this press release on Marketwire
    Click here to see the CBM Asia Development Corp. (TSXV:TCF,US:CBMDF,FWB:IY2) profile

    cbm asia developmentcbm asiaprivate placementcbm asia development corptsxv:tcf
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