Deal sells common stock at C$0.10 per share, finances working capital
By Devika Patel
Knoxville, Tenn., Sept. 26 - Eurocontrol Technics Group Inc. said it completed a C$1.48 million private placement of stock. The deal priced for C$1.5 million on July 18.
The company sold 14.84 million common shares at C$0.10 per share. The price per share is identical to the July 15 closing share price of C$0.10.
Proceeds will be used for working capital.
Based in Toronto, Eurocontrol makes devices to monitor and control electrical signals.
| Issuer: | Eurocontrol Technics Group Inc.
|
| Issue: | Common shares
|
| Amount: | C$1,484,000
|
| Shares: | 14.84 million
|
| Price: | C$0.10
|
| Warrants: | No
|
| Pricing date: | July 18
|
| Settlement date: | Sept. 26
|
| Stock symbol: | TSX Venture: EUO
|
| Stock price: | C$0.10 at close July 18
|
| Market capitalization: | C$7.03 million
|
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