Gatorz Inc. Announces Increase to Proposed Unit Private Placement Offering

TORONTO, ONTARIO, July 22 / MARKET WIRE/ -- Gatorz Inc. ("Gatorz") (TSX VENTURE: GTZ) announced today that the proposed non-brokered private placement offering (the "Offering") previously announced on July 14, 2008 has been over-subscribed and therefore the offering has been raised to a maximum of 4,900,000 units ("Units") at a price of $0.10 per Unit, for aggregate gross proceeds of $490,000. Each Unit will consist of one common share in the capital of the Corporation (a "Common Share") and one half of one common share purchase warrant (a "Warrant"). Each whole Warrant is exercisable into one Common Share at a price of $0.20 for a period of six months following the closing of the Offering. The proceeds of the Offering will be used for operating capital and general marketing initiatives associated with World Class Brands in... [read full story]