|By Marketwired .||
|June 20, 2014 04:10 PM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 06/20/14 -- Hornby Bay Mineral Exploration Ltd. (TSX VENTURE: HBE) ("Hornby Bay") is pleased to announce that it intends to complete a best efforts non-brokered private placement financing (the "Financing") of up to $100,000 principal amount of unsecured promissory notes ("Notes").
The Notes are due 18 months from the date of closing of the Financing and bear interest at a rate of 9.0% per annum, payable monthly. The Notes are senior in rank to all other indebtedness of Hornby Bay.
In addition, each lender shall be issued 2,000 common shares of Hornby Bay for every $1,000 principal amount of Notes subscribed for in the Financing.
The proceeds of the Financing will be used for general working capital purposes. The securities issued pursuant to the Financing will be subject to a statutory four month hold period. The Financing is subject to certain conditions including, but not limited to, the approval of the TSX Venture Exchange and customary closing conditions.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this News Release.
This News Release includes certain forward-looking statements which are based on information currently available to management of Hornby Bay, and Hornby Bay provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe Hornby Bay's future plans, objectives or goals, including words to the effect that Hornby Bay or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan", and include statements made herein with respect to the use of proceeds from the Financing. Since forward-looking statements address future events and are based on assumptions relating to, among other things, the use of proceeds from the Financing, by their very nature they involve inherent risks and uncertainties, and thus actual results could differ materially from those currently anticipated in such statements for many reasons such as: changes in demand and prices for minerals; litigation and other judicial and regulatory developments; and other matters discussed in this News Release. This list is not exhaustive of the factors that may affect any of Hornby Bay's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on Hornby Bay's forward-looking statements. Hornby Bay does not undertake to update any forward-looking statement that may be made from time to time by it or on its behalf, except in accordance with applicable securities laws.
Hornby Bay Mineral Exploration Ltd.
President and CEO
Puppet Labs has announced the next major update to its flagship product: Puppet Enterprise 2015.2. This release includes new features providing DevOps teams with clarity, simplicity and additional management capabilities, including an all-new user interface, an interactive graph for visualizing infrastructure code, a new unified agent and broader infrastructure support.
Jul. 30, 2015 11:15 AM EDT Reads: 115
Jul. 30, 2015 11:15 AM EDT Reads: 332
"ProfitBricks was founded in 2010 and we are the painless cloud - and we are also the Infrastructure as a Service 2.0 company," noted Achim Weiss, Chief Executive Officer and Co-Founder of ProfitBricks, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Jul. 30, 2015 11:15 AM EDT Reads: 1,113
Jul. 30, 2015 11:00 AM EDT Reads: 370
Jul. 30, 2015 10:00 AM EDT
Jul. 30, 2015 09:59 AM EDT
Jul. 30, 2015 09:45 AM EDT Reads: 197
Jul. 30, 2015 09:00 AM EDT Reads: 2,146
Jul. 30, 2015 09:00 AM EDT Reads: 247
Jul. 30, 2015 08:30 AM EDT Reads: 1,030
Jul. 30, 2015 08:30 AM EDT Reads: 344
Jul. 30, 2015 07:45 AM EDT Reads: 331
Jul. 30, 2015 07:00 AM EDT Reads: 1,672
Jul. 29, 2015 11:45 PM EDT Reads: 1,369
Jul. 29, 2015 11:45 PM EDT Reads: 1,026