360 VOX CORP 
By TSX Venture Exchange Symbol: LCN April 2, 2009
Leisure Canada Announces Partial Closing of $1 Million Financing
Leisure Canada Inc. (the "Company"), a leading real-estate
developer in Cuba, announces today the partial completion of
its private placement, originally announced March 14, 2009,
for 10,000,000 units at C$0.10 per unit for aggregate
proceeds of C$1 million. Each unit consists of one class "A"
share (common share) and one- half non-transferable share
purchase warrant with each full warrant entitling the holder
to purchase one additional common share for a period of 24
months after the closing date at a price of C$0.15 per
warrant share.
To date, 7,765,563 units have been closed for proceeds of
$776,556. It is expected that the completion of the remaining
units of this private placement will be closed within the
coming weeks bringing the total raised to $1 million.
All of the securities issued in connection with the closing
of this private placement will be subject to a four month
hold period. The proceeds from this financing will be used
for working capital.
MAC Capital Limited and Jim Gray were advisors to Leisure
Canada on this partially-brokered transaction. Leisure Canada
is a leading developer of luxury resorts in Cuba, with
multiple properties currently under
development, including five-star hotels and championship golf
courses.
Walter H. Berukoff
Chairman
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release
Leisure Canada Inc.
311 West 1st Street, North Vancouver, B.C. Canada V7M 1B5 Telephone: (604) 990-9599 Telefax: (604) 990-9584
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| This press release was issued by Leisure Canada Inc. and was initially posted at http://www.leisurecanada.com/docs/Press_Releases/2009/PRApr2-2009.pdf . It was distributed, unedited and unaltered, by noodls on 2012-04-01 18:33:46 PM. The issuer is solely responsible for the accuracy of the information contained therein. |
