December 1, 2014. NSS Resources Inc. (the "Company") is pleased to announce that the Company has closed its previously announced Private Placement.
The Company raised a total of $72,500 and issued 725,000 units of the company at ten cents per unit, with each unit consisting of one common share and one non-transferrable warrant. Each whole warrant will be exercisable at 15 cents into one additional common share of the Company expiring November 24, 2016.
A finder's fee of $1,125 in cash was paid and 11,250 finders warrants were issued to Global Securities Corporation. Each whole warrant will be exercisable at 15 cents into one additional common share of the Company expiring November 24, 2015.
All of the securities issued pursuant to the private placement will be subject to a restricted period of four months and one day from the date of closing.
The Company intends to use the proceeds from the private placement for general working capital.
For further information, please contact:
Jag Sandhu, President and CEO
Tel: 778 218 9638.