Non-brokered offering to raise funds for growth and increased capacity
By Devika Patel
Knoxville, Tenn., Sept. 21 - Gemini Corp. said it will raise C$3.9 million in a non-brokered private placement of units. Coril Holdings Ltd. will invest C$3 million.
The company will sell units of one common share and one warrant at C$0.20 per unit.
Each warrant will be exercisable at C$0.25 for two years. The strike price represents a 31.58% premium to C$0.19, the Sept. 20 closing share price.
Proceeds will be used for growth and increased capacity.
The Calgary, Alta., company designs, builds and maintains energy and industrial facilities.
| Issuer: | Gemini Corp.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$3.9 million
|
| Price: | C$0.20
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.25
|
| Agent: | Non-brokered
|
| Investor: | Coril Holdings Ltd. (for C$3 million)
|
| Settlement date: | Sept. 21
|
| Stock symbol: | TSX Venture: GKX
|
| Stock price: | C$0.19 at close Sept. 20
|
| Market capitalization: | C$7 million
|
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