Non-brokered deal consists of 6,183,500 units sold at C$0.40 apiece
By Devika Patel
Knoxville, Tenn., Oct. 2 – Enterprise Group, Inc. said it settled a C$2.47 million non-brokered private placement of units.
The company sold 6,183,500 units of one common share and one warrant at C$0.40 per unit, with each two-year warrant exercisable at C$0.50. The strike price is a 78.57% premium to the Oct. 1 closing share price of C$0.28.
Proceeds will be used for working capital and general corporate purposes.
The construction services company is based in St. Albert, Alta.
| Issuer: | Enterprise Group, Inc.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$2,473,400
|
| Units: | 6,183,500
|
| Price: | C$0.40
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.50
|
| Agent: | Non-brokered
|
| Settlement date: | Oct. 2
|
| Stock symbol: | Toronto: E
|
| Stock price: | C$0.28 at close Oct. 1
|
| Market capitalization: | C$13.85 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.
