VANCOUVER, June 11 /CNW/ - Aegis Investment Management (Golf) Inc. ("Aegis" or "the Company") (TSX-V: AIM.V) announced today that the Company has raised $251,847.50 at a price per share of $0.50, part of the non-brokered private placement first announced on December 31, 2009.
The original terms of the private placement were for up to 3,000,000 common shares, at a price of $0.50 per share, for gross total proceeds of up to $1.5 million. The monies intended to fund the original subscription price continue to be held in escrow in Texas in connection with another transaction unrelated to the Company, and remain subject to receipt of a clearance certificate from the United States Internal Revenue Service (the "IRS"). As such, the Company has released the original individual subscriber from the subscription agreement. Additional subscribers have submitted subscription agreements to Aegis and have in aggregate agreed to purchase 503,695 common shares of Aegis at a price of $0.50 per share, for gross total proceeds of $251,847.50.
The Company intends to use the proceeds from the private placement for franchise marketing, debt repayment and general working capital.
About Aegis Investment Management (Golf), Inc., symbol AIM.V
Aegis is a Vancouver, Canada based franchise company building shareholder value and profits by focusing on helping golfers lower their scores, have more fun, and do more business on and off the golf course.
Their family of golf franchise brands include Parmasters Golf Training Centers, Links Golf Cafes, and Quantum Business Golf Seminars. Each are designed to help Individual Franchise Owners and Area Developers have more life and more profits. The Franchise Division is supported by a Real Estate Division, a Finance Division, and a Web 2.0 Division, all designed to support the growth and expansion of the franchise brands. Led by an experienced franchise development team, Aegis has created the world's first golf franchise company that literally guarantees results.
For corporate info: www.AegisInvestmentManagement.com
For franchise info: www.YourGolfFranchise.com
Certain information in this press release is forward-looking within the meaning of certain securities laws, and is subject to important risks, uncertainties and assumptions. This forward-looking information includes, among other things, information with respect to the Company's beliefs, plans, expectations, anticipations, estimates and intentions. The words "may", "could", "should", "would", "suspect", "outlook", "believe", "anticipate", "estimate", "expect" ,"intend", "plan", "target" and similar words and expressions are used to identify forward-looking information. The forward-looking information in this press release describes the Company's expectations as of the date of this press release. The results or events anticipated or predicted in such forward-looking information may differ materially from actual results or events. Material factors which could cause actual results or events to differ materially from a conclusion, forecast or projection in such forward-looking information include, among others, risks arising from general economic conditions and adverse industry events.
The Company cautions that the foregoing list of material factors is not exhaustive. When relying on forward-looking information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF AEGIS AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
SOURCE AEGIS INVESTMENT MANAGEMENT (GOLF), INC.
For further information: For further information: Tom Matzen, President and CEO, Aegis Investment Management (Golf), Inc., Telephone: 1-800-663-2331, Fax: 1-800-416-6325, Email: email@example.com, Corporate URL: www.aegisinvestmentmanagement.com, Franchise URL: www.YourGolfFranchise.com