By Sheri Kasprzak
Atlanta, Jan. 26 - ISee3D Inc. will head to the private placement market with a C$2 million offering of units.
The company plans to sell up to 20 million units at C$0.10 each. The units are comprised of one share and one warrant.
The warrants allow for an additional share at C$0.20 each for one year.
The deal is expected to close Feb. 18.
ISee3D, based in Montreal, develops and produces three-dimensional digital cameras.
Issuer: | ISee3D Inc.
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Issue: | Units of one share and one warrant
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Amount: | C$2 million
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Units: | 20 million
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Price: | C$0.10
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Warrants: | One warrant per unit
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Warrant expiration: | One year
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Warrant strike price: | C$0.20
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Pricing date: | Jan. 25
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Settlement date: | Feb. 18
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Stock price: | C$0.10 at close Jan. 25
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