Deal's proceeds will be used to market the company's software products
By Devika Patel
Knoxville, Tenn., July 27 - Epic Data International Inc. said it will conduct a C$1.2 million non-brokered private placement of stock.
The company will sell 6 million common shares at C$0.20 apiece, a 150% premium to the July 26 closing share price of C$0.08.
Proceeds will be used to market the company's manufacturing operations management software products, for product development and for general working capital.
Vancouver, B.C.-based Epic is a provider of manufacturing execution systems.
| Issuer: | Epic Data International Inc.
|
| Issue: | Common shares
|
| Amount: | C$1.2 million
|
| Shares: | 6 million
|
| Price: | C$0.20
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | July 27
|
| Stock symbol: | TSX Venture: EKD
|
| Stock price: | C$0.08 at close July 27
|
| Market capitalization: | C$2 million
|
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