本文发表在 rolia.net 枫下论坛Mr. James Zahn reports
CANTRONIC PRICES COMMON SHARES FOR $5.0 MILLION PRIVATE PLACEMENT
Further to its news release in Stockwatch on June 11, 2008, Cantronic Systems Inc. and its syndicate have agreed to price the best-efforts private placement at 35 cents per common share to raise approximately $5-million. The syndicate is led by Leede Financial Markets Inc. and Blackmont Capital Inc., and also includes Canaccord Capital Corp. and Research Capital Corp. The private placement will be of common shares which will be offered to accredited investors in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Quebec. The securities issued will be subject to a four-month hold period. The offering is subject to customary conditions and regulatory approvals, and is expected to close in mid-July, 2008.
The company has granted the agents an option to purchase up to an additional 15 per cent of the common shares sold under the offering at the issue price, exercisable until 24 hours prior to closing.
Aside from the money raised from investors on the president's list, Cantronic will pay a 7-per-cent cash commission to the agents and will also issue warrants entitling them to purchase a number of common shares equal to 7 per cent of the number of common shares sold under the offering. The broker warrants will be issuable at an exercise price equal to the issue price for a period of 12 months from the date of closing.
The net proceeds of the offering will be used to finance an acquisition in China (see news release in Stockwatch on June 2, 2008), as well as for commercialization and general working capital purposes.
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CANTRONIC PRICES COMMON SHARES FOR $5.0 MILLION PRIVATE PLACEMENT
Further to its news release in Stockwatch on June 11, 2008, Cantronic Systems Inc. and its syndicate have agreed to price the best-efforts private placement at 35 cents per common share to raise approximately $5-million. The syndicate is led by Leede Financial Markets Inc. and Blackmont Capital Inc., and also includes Canaccord Capital Corp. and Research Capital Corp. The private placement will be of common shares which will be offered to accredited investors in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Quebec. The securities issued will be subject to a four-month hold period. The offering is subject to customary conditions and regulatory approvals, and is expected to close in mid-July, 2008.
The company has granted the agents an option to purchase up to an additional 15 per cent of the common shares sold under the offering at the issue price, exercisable until 24 hours prior to closing.
Aside from the money raised from investors on the president's list, Cantronic will pay a 7-per-cent cash commission to the agents and will also issue warrants entitling them to purchase a number of common shares equal to 7 per cent of the number of common shares sold under the offering. The broker warrants will be issuable at an exercise price equal to the issue price for a period of 12 months from the date of closing.
The net proceeds of the offering will be used to finance an acquisition in China (see news release in Stockwatch on June 2, 2008), as well as for commercialization and general working capital purposes.
We seek Safe Harbor.更多精彩文章及讨论，请光临枫下论坛 rolia.net