By Laura Lutz
Des Moines, March 27 - First Venture Technologies Corp. plans to conduct a private placement of units for C$3.04 million.
The placement is expected to include 3.2 million units of one share and one half-share warrant. Each whole warrant will be exercisable at C$1.25 for 18 months.
First Venture is a Vancouver, B.C.-based biotechnology company focused on wheat products.
| Issuer: | First Venture Technologies Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$3.04 million
|
| Units: | 3.2 million
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$1.25
|
| Pricing date: | March 27
|
| Stock symbol: | TSX Venture: FEB
|
| Stock price: | C$1.15 at close March 26
|
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