By Laura Lutz
Des Moines, May 15 - HydraLogic Systems Inc. settled a private placement of units for C$443,100 and announced plans for a C$1.5 million private placement on the same terms.
In the completed offering, the company sold 1.266 million units of one share and one half-share warrant at C$0.35 per unit. Each whole warrant will be exercisable at C$0.70 for two years.
Kingsdale Capital Markets Inc. acted as agent for that placement.
The new private placement will be conducted through Kingsdale and Capstone Investments Inc.
Barrie, Ont.-based HydraLogic produces technologies for the pest control, agriculture, solid and liquid waste, and water conditioning markets.
Issuer: | HydraLogic Systems Inc.
|
Issue: | Units of one share and one half-share warrant
|
Amount: | C$1.5 million
|
Price: | C$0.35
|
Warrants: | One half-share warrant per unit
|
Warrant expiration: | Two years
|
Warrant strike price: | C$0.70
|
Agents: | Kingsdale Capital Markets Inc., Capstone Investments Inc.
|
Pricing date: | May 15
|
Stock symbol: | TSX Venture: HLS
|
Stock price: | C$0.40 at close May 15
|
© 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.