Contact Exploration Announces Private Placement
Contact Exploration Inc. (TSX VENTURE:CEX)reported that the company has entered into a financing and reorganization agreement with Steve Harding which contemplates (i) the appointment of a new board of directors, (ii) the appointment of a new management team, and (iii) a non-brokered private placement of up to $3.5 million.
Contact Exploration Inc. (TSX VENTURE:CEX)reported that the company has entered into a financing and reorganization agreement with Steve Harding which contemplates (i) the appointment of a new board of directors, (ii) the appointment of a new management team, and (iii) a non-brokered private placement of up to $3.5 million.
The press release is quoted as saying:
The New Board of Contact shall consist of the following individuals: Steve Harding, Don C. Stachiw, Steve Haysom and the New Management Team shall consist of the following individuals: Steve Harding, Proposed President and Chief Executive Officer, Ian Thomson, Proposed Chief Financial Officer