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LGC CAPITAL announces closing of a first tranche of its $10.4 million financing and appointment of Arlington Capital CEO, Ferras Zalt, to LGC's board of directors

May 02, 2019 - GlobeNewswire
Board and Executive Moves-Investments

MONTREAL, May 02, 2019 (GLOBE NEWSWIRE) -- LGC Capital Ltd. (TSXV: LG) (OTCQB: LGGCF) ("LGC" or the  "Corporation") is pleased to announce that it has now closed the first tranche of its previously announced $10.4 million non-brokered private placement financing with Arlington Capital LP. The Corporation has issued a total of 80,000,000 commons shares at an issue price of $0.10 per share for gross proceeds of $8,000,000.  The shares issued to Arlington Capital are subject to a four-month hol...