50 of the Top 250 law firms use our Products every day
EXHIBIT 10.1
June 7 th Amendment to News Release dated May 3,
2005
ActionView Funding Received
from Investor Group
Headed by Existing Shareholder
May 3, 2005
Funds Used for Pre-purchase of
Sign Manufacturing in China
ActionView International, Inc.
and its subsidiary companies are pleased to announce it has raised
private placement funds of $230,000 by issuing 2,825,000 units of
its restricted common stock at prices ranging from $0.08 to $0.10
per share (the “Private Placement”). Each unit consists
of one share of common stock of the Company and a one-half
non-transferable share purchase warrant that entitles the
shareholder to purchase one-half share of common stock at an
exercise price of $0.17 for a period of one year from the date of
closing of this private placement.
The proceeds of the private
placement are being used primarily to fund the custom-designed
proto-types and the pre-purchase of materials for the initial order
anticipated from two major contracts under development in China.
The balance of proceeds will be used for operating expenses and
on-going working capital requirements. There are no finder’s
fees or commissions payable by the Company for this private
placement.
ActionVi
|
