News Releases
PRIVATE PLACEMENT INCREASED TO $120,000 IN COMMON STOCK & WARRANTS
Vancouver, BC (27 April 05) - Cinemage Corp. has increased its non-brokered private placement of one million units at eight cents per unit for total proceeds of $80,000, previously announced in Stockwatch on April 5, 2005, to a non-broker private placement of 1.5 million units at eight cents per unit for total proceeds of $120,000. Each unit will again consist of one common share and one share purchase warrant. Each warrant will enable the holder to acquire one additional common share of the company for a period of two years from closing at a price of 10 cents per share in the first year and 15 cents per share in the second year.
Proceeds of the financing will be used to complete the next-stage sales and marketing plan, and business plan summary previously announced, and for general working capital.
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© 2005 The ACT Cinemage Group
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