By Devika Patel
Knoxville, Tenn., July 23 - 01Communique Laboratory Inc. said it plans a C$3.5 million private placement of special warrants. There is a C$2 million greenshoe.
The company will sell 3.89 million special warrants at C$0.90 each. The special warrants are convertible into common shares.
The deal will be conducted by a syndicate of agents led by Wellington West Capital Markets Inc. and including NCP Northland Capital Partners Inc. and MGI Securities Inc. on a commercially reasonable best-efforts agency basis.
Settlement is expected Aug. 5.
Proceeds will be used for research and development, working capital and general corporate purposes.
Toronto-based 01Communique develops integrated communications software.
| Issuer: | 01Communique Laboratory Inc.
|
| Issue: | Special warrants convertible into common shares
|
| Amount: | C$3,501,000
|
| Greenshoe: | C$2,002,500
|
| Special warrants: | 3.89 million
|
| Price: | C$0.90
|
| Warrants: | No
|
| Agent: | Wellington West Capital Markets Inc. (lead), NCP Northland Capital Partners Inc. and MGI Securities Inc.
|
| Pricing date: | July 23
|
| Settlement date: | Aug. 5
|
| Stock symbol: | Toronto: ONE
|
| Stock price: | C$0.98 at close July 23
|
| Market capitalization: | C$50.38 million
|
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