By Devika Patel
Knoxville, Tenn., Dec. 7 - Streetlight Intelligence Inc. announced that it plans to raise C$3 million in a private placement of units.
The company will sell 6 million units at C$0.50 per unit. The units will consist of one common share and one half-share warrant. Each whole warrant will be exercisable at C$0.75 for 18 months.
The company may pay a 7% cash commission.
Based in Victoria, B.C., Streetlight produces technology to remotely program streetlights.
| Issuer: | Streetlight Intelligence Inc.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$3 million
|
| Units: | 6 million
|
| Price: | C$0.50
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.75
|
| Fees: | 7%
|
| Pricing date: | Dec. 6
|
| Stock symbol: | TSX Venture: SLQ
|
| Stock price: | C$0.45 at close Dec. 6
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
