iLOOKABOUT Announces Exercise of Warrants and Issuance of Common Shares

iLOOKABOUT (TSXV:ILA) has announced it has issued 1.48 million common shares to Gary Yeoman, chairman of the board and CEO of the company following the exercise of all his Series J Warrants.
As quoted in the press release:

 The exercise price of these warrants was $0.15 per share, resulting in gross proceeds to the Company of $222,150.  These warrants were issued to Mr. Yeoman in connection with a private placement completed in January 2013 when Mr. Yeoman joined the Company.  The proceeds will be used to help fund the Company’s working capital requirements.

Click here to read the full press release.