EDMONTON, June 27 /CNW/ - Ceapro Inc. (CZO - TSX Venture) ("Ceapro" or
the "Corporation") today announced it has completed a $2,692,000 private
placement for net proceeds of $2,488,000. A total of 8,684,190 common shares
and 4,342,095 warrants were issued under the private placement. The common
shares are subject to a hold period of four months from the date of issue.
Each warrant entitles the holder to purchase one common share at a price of
$0.45 until February 2009. The common shares issuable on exercise of the
warrants are also subject to a four-month hold period commencing on the date
of issue of the warrants.
