http://www.stockhouse.com/news/press-releases/2016/04/27/telson-resources-inc-closes-non-brokered-private-placement
Vancouver, British Columbia / TheNewswire / April 27, 2016 – Telson Resources Inc. (TSX Venture – TSN) (“Telson” or the “Company“) is pleased to announce that it has closed its non-brokered private placement originally announced on March 1, 2016, consisting of 12,367,333 units of the Company at a price of $0.12 per unit for gross proceeds of $1,484,080. Each unit is comprised of one common share and one half of one whole transferable share purchase warrant. Each whole share purchase warrant entitles the holder thereof to purchase one additional common share of the Company at $0.12 within twenty-four (24) months from closing. All securities issued under the non-brokered private placement are subject to a hold period expiring four months and one day after the closing date. Total issued and outstanding shares in the Company after completion of the private placement is 92,885,578.