By Susanna Moon
Chicago, April 16 - Dacha Capital Inc. said it will conduct a C$6 million private placement of units.
The company plans to issue 18,181,818 units at C$0.33 per unit.
Each unit comprises one common share and one share purchase warrant. Each warrant is exercisable at C$0.42 for 36 months from the date of issue, after which it will rise to C$0.50 until the expiration, which is 60 months from the date of issue.
Proceeds will be used to fund the company's operations and investment activities and for working capital purposes.
Closing of the offering is expected to occur on April 30.
| Issuer: | Dacha Capital Inc.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$6 million
|
| Units: | 18,181,818
|
| Price: | C$0.33
|
| Warrants: | One per unit
|
| Warrant strike price: | C$0.42 for 36 months, then C$0.50
|
| Warrant expiration: | 60 months
|
| Pricing date: | April 16
|
| Settlement date: | April 30
|
| Stock symbol: | TSX Venture: DAC
|
| Stock price: | C$0.38 at last close Feb. 25
|
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