Company sells 119,900 units of a share, one warrant at $5.00 per unit
By Devika Patel
Knoxville, Tenn., June 20 - Quest Water Global Inc. completed a $599,500 private placement of units, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold 119,900 units of one common share and a warrant at $5.00 per unit. Each three-year warrant is exercisable at $10.00, which represents a 700% premium to the June 19 closing share price of $1.25.
The water technology company is based in Vancouver, B.C.
| Issuer: | Quest Water Global Inc.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | $599,500
|
| Shares: | 119,900
|
| Price: | $5.00
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Three years
|
| Warrant strike price: | $10.00
|
| Announcement date: | June 20
|
| Stock symbol: | OTCBB: QWTR
|
| Stock price: | $1.25 at close June 19
|
| Market capitalization: | $105.72 million
|
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