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News Releases
| | January 18, 2010
Monster Intends To Conduct Private Placement
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| | Vancouver, B.C.
The Company is proposing, subject to regulatory approval, to undertake a private placement to be comprised of a minimum of 6 million and a maximum of 8 million units at $0.10 each. Each unit shall be comprised of one common share and one warrant exercisable at $0.15 to acquire an additional common share in the first year. A finder's fee of 10% in cash or units may be payable upon completion of this placement. Proceeds are to be utilized to retire outstanding indebtedness, a reserve for acquisitions, to pay finder's fees (if paid in cash), for general administration expenses and for unallocated working capital. There is no intention to have new control persons or insiders as a consequence of completing the placement disclosed herein.
The private placement disclosed herein is subject to regulatory approval.
On Behalf of the Board
"Kevin Russell"
Kevin Russell
President and Director
For further information please contact:
Kevin Russell, President
(780) 665-8118
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. |
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