By Laura Lutz
Des Moines, April 12 - Streetlight Intelligence Inc. upsized its previously announced private placement of shares to C$3 million from C$1.875 million.
The company now plans to sell a total of 4 million shares at C$0.75 each.
Two tranches of the placement have already settled, raising C$1,525,250 so far. The first settled on Feb. 21, and the second, for C$704,000, settled on April 5.
Proceeds will be used for working capital.
Based in Victoria, B.C., Streetlight produces technology to remotely program streetlights.
| Issuer: | Streetlight Intelligence Inc.
|
| Issue: | Shares
|
| Amount: | C$3 million
|
| Shares: | 4 million
|
| Price: | C$0.75
|
| Warrants: | No
|
| Pricing date: | Feb. 13
|
| Settlement date: | Feb. 21 (C$821,250), April 5 (for C$704,000)
|
| Upsized: | April 12
|
| Stock symbol: | TSX Venture: SLQ
|
| Stock price: | C$0.80 at close Feb. 13
|
| Stock price: | C$0.90 at close April 5
|
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