Friday, June 24, 2016

$5.75-million bought deal

Oceanus Resources closes $5.75-million bought deal

2016-06-21 10:57 ET - News Release

Mr. Glenn Jessome reports

Oceanus Resources Corp. has closed its previously announced bought deal offering of 25 million units of the company at a price of 23 cents per unit, which includes 3,260,870 units issued pursuant to the exercise in full of an overallotment option, for gross proceeds to the company of $5.75-million.

Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to acquire an additional common share at a price of 39 cents during the period ending 24 months following the closing of the offering.

The offering was underwritten by Cantor Fitzgerald Canada Corp. and PI Financial Corp.
The net proceeds of the offering will be used for the advancement and development of the El Tigre project, and for working capital and general corporate purposes.
We seek Safe Harbor.

Thursday, June 23, 2016

HealthSpace, Milwaukee sign contract

2016-06-23 09:54 ET - News Release

Mr. Warwick Smith reports
HealthSpace Data Systems Ltd. has signed an agreement and purchase order with the City of Milwaukee for the deployment of the HealthSpace enterprise software application and service for the surveillance and regulatory enforcement of the city's environmental health and consumer protection programs. The contract is valid for two years for a total contract value of $55,140 (U.S.). The contract may extend up to five years at the option of the city.

"We are very pleased to have been selected by the City of Milwaukee," said Warwick Smith, chief executive officer of the company.

The company also announces that the it has completed a shares-for-debt settlement -- as previously mentioned in a news release disseminated on March 23, 2016 -- in the aggregate amount of $15,000 owed to one creditor for the provision of consulting services, by the issuance of 100,000 common shares of the capital of the company at a deemed issue price of 15 cents per share. The shares will be subject to four-month-and-one-day hold period.
We seek Safe Harbor.