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Telehop Communications Inc. announces completion of its rights offering

  //science-technology.news-articles.net/content/2 .. announces-completion-of-its-rights-offering.html
  Published in Science and Technology on Tuesday, October 4th 2011 at 13:12 GMT by Market Wire
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TORONTO, Oct. 4, 2011 /CNW/ - Telehop Communications Inc. (TSX-V: HOP) ("Telehop" or the "Company") today announced it had successfully completed its  rights offering which  raised proceeds of $334,775 (before expenses) at $0.10 per share (the "Offering") and issued 3,334,750 common shares, being the full amount offered.

Under the Offering, each registered holder of Shares received one right (a "Right") for each Share held. Four Rights plus the sum of $0.10 (the "Subscription Price") were required to subscribe for one Common Share (the "Basic Subscription Privilege"). Shareholders who fully exercised their Rights could subscribe pro-rata for any additional Shares not otherwise subscribed for. The full details were set out in a Circular which can be viewed at [ www.sedar.com ].

Certain statements in this press release may constitute "forward looking statements" and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Corporation to be materially different from any performance or achievement expressed or implied by such "forward looking statements".  The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.