By Devika Patel
Knoxville, Tenn., June 3 - egX Group Inc. said it plans to conduct a C$1.5 million non-brokered private placement of units.
The company will sell 10 million units of one common share and one non-transferable warrant at C$0.15 apiece. Each warrant will be exercisable at C$0.25 for one year, subject to acceleration under certain conditions.
Proceeds will be used for the continuing deployment of egX Canada and ongoing operations.
Based in Vancouver, B.C., egX is engaged in developing the egX, a global securities exchange system designed for the listing and trading of real estate securities and related financial products.
| Issuer: | egX Group Inc.
|
| Issue: | Units of one common share and one non-transferable warrant
|
| Amount: | C$1.5 million
|
| Units: | 10 million
|
| Price: | C$0.15
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.25
|
| Agent: | Non-brokered
|
| Pricing date: | June 3
|
| Stock symbol: | TSX Venture: GFG
|
| Stock price: | C$0.18 at close June 2
|
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