By Sheri Kasprzak
New York, Sept. 28 - Eurocontrol Technics Inc. said it has priced a C$1.5 million non-brokered private placement.
The company will sell up to 6 million units at C$0.25 each.
The units are comprised of one share and one warrant. The warrants allow for the purchase of another share at C$0.26 each for two years.
Based in Toronto, Eurocontrol makes devices to monitor and control electrical signals.
Issuer: | Eurocontrol Technics Inc.
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Issue: | Units of one share and one warrant
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Amount: | C$1.5 million (maximum)
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Units: | 6 million (maximum)
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Price: | C$0.25
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Warrants: | One warrant per unit
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Warrant expiration: | Two years
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Warrant strike price: | C$0.26
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Pricing date: | Sept. 28
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Stock price: | C$0.26 at close Sept. 27
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