Bengal Energy Ltd. press release
Trius Investments Inc. - Private placement announced
TSX - Toronto Stock Exchange · Canada
TSX symbol "TRU"
FREDERICTON, Nov. 14 /CNW/ - Trius announces today that, subject to regulatory approval, it will proceed with a private placement of up to 2,000,000 Units at a price of $0.25 per Unit, for gross proceeds of up to $500,000. Each Unit consists of 1 common share and 1 common share purchase warrant. Each warrant entitles the holder to purchase one common share at $0.50 per share for a period of one year from closing. The Corporation anticipates that the proceeds from the private placement will be used as follows:
1. Website development costs 2. Legal and accounting expenditures related to the development of the Trius group of limited partnerships, hedge funds and mutual funds, and 3. Marketing and sales related expenses related to the promotion of the Trius group of limited partnerships, hedge funds and mutual funds.
Trius Investments Inc. is listed on the TSX Venture Exchange under the symbol "TRU". Trius has two businesses, residential waste management collection and automobile and truck leasing, both of which are carried on in the Province of New Brunswick, and has recently announced that, subject to regulatory approval, its new wholly-owned subsidiary Trius Asset Management Corp. will launch and manage alternative energy funds.
This press release may contain forward-looking statements including management's assessment of future plans and operations and expectations of future production, cash flow and earnings. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks include uncertainties resulting from potential delays or changes in plans with respect to projects or capital expenditures
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. %SEDAR: 00009507E