Deal funds working capital; IBS Capital is sole placement agent
By Devika Patel
Knoxville, Tenn., May 20 - Extenway Solutions Inc. said it plans a C$2.5 million private placement of stock. IBS Capital, senc is the agent.
The company will sell 14,705,883 common shares at C$0.17 apiece. The price per share is identical to the July 23 closing share price.
Settlement is expected Sept. 19.
Proceeds will be used for working capital.
Montreal-based Extenway provides communications, entertainment and education solutions to the health care industry.
| Issuer: | Extenway Solutions Inc.
|
| Issue: | Common shares
|
| Amount: | C$2.5 million
|
| Units: | 14,705,883
|
| Price: | C$0.17
|
| Warrants: | No
|
| Agent: | IBS Capital, senc
|
| Pricing date: | July 25
|
| Settlement date: | Sept. 19
|
| Stock symbol: | TSX Venture: EY
|
| Stock price: | C$0.17 at close July 23
|
| Market capitalization: | C$18.94 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.
