By Devika Patel
Knoxville, Tenn., Dec. 2 - Streetlight Intelligence Inc. said it will raise C$3 million in a private placement of units.
The company will sell 25 million units of one common share and one half-share warrant at C$0.12 per unit. Each whole warrant is exercisable at C$0.24 for one year.
Settlement is expected in January.
Proceeds will be used for general working capital.
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: | 25 million
|
| Price: | C$0.12
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.24
|
| Pricing date: | Dec. 2
|
| Stock symbol: | TSX Venture: SLQ
|
| Stock price: | C$0.12 at close Dec. 1
|
| Market capitalization: | C$8.85 million
|
© 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.
