$LAGBF The Company previously announced on March 2, 2016, that it is conducting a non-brokered private placement of up to 1,750,000 units at a price of $0.20 per unit for aggregate gross proceeds of up to $350,000. The Company has now closed the first tranche of this private placement consisting of 1,175,000 units for gross proceeds of $235,000. Each unit consists of one common share and one share purchase warrant, each warrant entitling the holder to acquire one additional common share of the Company at a price of $0.25 per warrant share until March 10, 2018. The units have a hold period expiring on July 11, 2016.
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Frankfurt - LB6.F
Canadian Securities Exchange: LAG:CSE