By Devika Patel
Knoxville, Tenn., Dec. 8 - Global Health Ventures Inc. said it raised $400,000 in the second tranche of a $2 million private placement of units. On Oct. 28, the company raised $600,000 in the first tranche.
The company is selling units of one common share and one warrant at $0.75 per unit.
The company sold 800,000 units in the first tranche and 533,333 units in the second tranche.
Each warrant is exercisable at $1.00 until Dec. 8, 2011.
The health care technology financial company is based in Vancouver, B.C.
Issuer: | Global Health Ventures Inc.
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Issue: | Units of one common share and one warrant
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Amount: | $2 million
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Price: | $0.75
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Warrants: | One warrant per unit
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Warrant expiration: | Dec. 8, 2011
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Warrant strike price: | $1.00
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Settlement date: | Oct. 28 (for $600,000), Dec. 8 (for $400,000)
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Stock symbol: | OTCBB: GHLV
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Stock price: | $0.80 at close Oct. 28
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Market capitalization: | $62.9 million
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