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Zadar Ventures Ltd. (TSXV:ZAD) re-negotiated the terms of its private placement with Global Resources Investments Ltd and has agreed to raise $1,248,000 through the sale of 4,160,000 common shares, at a price of $0.30 per share.
As quoted in the press release:
In consideration for acquiring the Zadar shares, GRIT will issue and deliver to Zadar 676,129 ordinary shares of GRIT at £1.00 per share (the “GRIT Shares”). Zadar will then sell the GRIT Shares through the facilities of the London Stock Exchange to realize the private placement proceeds.
Click here to read the Zadar Ventures Ltd. (TSXV:ZAD) press release
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