|
Article Excerpt M2 PRESSWIRE-30 June 2008-StandoutStocks.com: StandoutStocks.com "Stocks that Standout" today are -- -- GLCC, GYGC, ITUI, KYUS, QTWW, SMWF(C)1994-2008 M2 COMMUNICATIONS LTD
RDATE:30062008
-- StandoutStocks.com "Stocks that Standout" today are: Good Life China Corporation (PINKSHEETS: GLCC), Guyana Gold Corp. (OTCBB: GYGC), i2Telecom International, Inc. (OTCBB: ITUI), Kentucky USA Energy, Inc. (OTCBB: KYUS), Quantum Fuel Systems Technologies Worldwide, Inc., (Nasdaq: QTWW), Seamless Wi-Fi, Inc. (OTCBB: SMWF)
Sign-up for our FREE Stock Alerts AND AWARD WINNING NEWSLETTER at http://www.Standoutstocks.
June 27, 2008 -- Good Life China Corporation (PINKSHEETS: GLCC) is pleased to announce that the issuer has completed its private placement offering memorandum. The issuer is pleased to announce that the offering was fully subscribed for a total of $2,000,000.00.
The financing consisted of a non-brokered private placement of 225,000,000 units. Each unit consisted of one common share, and one share purchase warrant entitling the holder to purchase one additional common share at a price of $0.25 for two years following the closing, regardless of what the then current share price would be.
All shares issued pursuant to the placement will bear a legend restricting transfer until February 1, 2009.
Mr.Yang the company spokesperson said "The private placement was completed with accredited investors including some existing, and new shareholders from USA, Canada, England and Hong Kong. Simply, the accredited investor term is defined by various securities laws that delineates investors permitted to invest in certain types of investments, such as limited partnerships, hedge funds and angel investor networks. The term generally includes wealthy individuals, and organizations such as a corporation, endowment or retirement plans. In the USA there are specific guidelines as to who is considered an accredited investor. The reason we bring this to our follower's attention is that the issuer has received a number of inquiries from novice investors who unknowingly believe or are told that the float has increased and that some sort of immediate dilution is in effect. In fact, it is quite the opposite. While the float did increase temporarily as old and seasoned restricted shares matured, it then significantly decreased to its current level as posted on Pink Sheets. This was achieved with warrants being issued as per the issuers filings. Again, this is worth repeating, this private placement was completed with RESTRICTED SHARES being issued, and this private placement will not affect the float for some time yet to come.
Participants in the private placement include current and existing shareholders. It includes several high net worth accredited investors, including the Woo family from Hong Kong who are engaged in real estate development in the Vancouver Canada and Hong Kong area....
|
|

More articles from M2 Presswire
The Serious-Speculator.com Movers and Shakers for Monday, June 30, 200..., June 30, 2008 (BCON) SqueezeTrigger Price is $2.157. There is $8,910,750.00 That Sho..., June 30, 2008 (COLM) SqueezeTrigger Price is $37.677. There is $176,593,635.00 That ..., June 30, 2008 (MWV) SqueezeTrigger Price is $23.525. There is $222,342,680.00 That S..., June 30, 2008 (PLCE) SqueezeTrigger Price is $36.476. There is $213,799,870.00 That ..., June 30, 2008
Looking for additional articles?
Search our database of over 3 million articles.
Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication
name or publication date.
About Goliath
Whether you're looking for sales prospects, competitive information, company
analysis or best practices in managing your organization,
Goliath can help you meet your business needs.
Our extensive business information databases empower business
professionals with both the breadth and depth of credible,
authoritative information they need to support their business
goals. Whether it be strategic planning, sales prospecting,
company research or defining management best practices -
Goliath is your leading source for accurate information.
|
|