May 01, 2014 12:29 ET
TORONTO, ONTARIO--(Marketwired - May 1, 2014) -
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.
MCM Capital One Inc. (TSX VENTURE:ZGN.P) ("MCM" or the "Company") announced today that it has completed the first closing of the brokered private placement announced on April 21, 2014. 535,000 common shares were issued for $0.20 each to raise a total of $107,000. Kingsdale Capital Markets Inc. acted as agent in the closing and received cash compensation of $8,025 and broker warrants to purchase 53,500 common shares of MCM. The broker warrants are exercisable for $0.20 per share, expiring on April 30, 2016.
The securities issued in this closing are subject to a four month hold period which expires on August 31, 2014. Following completion of this closing, there are 3,885,000 issued and outstanding common shares of MCM.
MCM Capital One Inc.Rob FiaChief Executive Officer(416) 867-2353(416) 867-4566 (FAX)email@example.com
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