By Sheri Kasprzak
Atlanta, March 1 - Streetlight Intelligence Inc. said it will raise up to C$1.5 million in a private placement of units.
The company plans to sell up to 2 million units at C$0.75 each.
The units are comprised of one share and one half-share warrant. The full warrants allow for an additional share at C$1.00 each.
Based in Victoria, B.C., Streetlight designs, manufactures and markets products for the high-pressure sodium streetlight industry. It plans to use the proceeds for working capital.
| Issuer: | Streetlight Intelligence Inc.
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| Issue: | Units of one share and one half-share warrant
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| Amount: | C$1.5 million (maximum)
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| Units: | 2 million (maximum)
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| Price: | C$0.75
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| Warrants: | One half-share warrant per unit
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| Warrant strike price: | C$1.00
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| Pricing date: | March 1
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| Stock price: | C$0.90 at close March 1
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