By Devika Patel
Knoxville, Tenn., Aug. 1 - Keewatin Windpower Corp. announced it completed its upsized and oversubscribed $1.29 million private placement of stock.
Keewatin sold 1.075 million restricted shares at $1.20 each.
The deal was increased from a planned amount of $1.2 million.
Keewatin paid Vision Opportunity Master Fund, Ltd. finders' fees of 1 million warrants, and paid a fee of $126,750 to other agents. Each warrant is exercisable at $2.50 until July 10, 2008.
Keewatin will use the proceeds for its wind power development project in Saskatchewan, as well as for general working capital.
Based in Vancouver, B.C., Keewatin operates wind-power projects.
| Issuer: | Keewatin Windpower Corp.
|
| Issue: | Stock
|
| Amount: | $1.29 million
|
| Shares: | 1.075 million
|
| Price: | $1.20
|
| Warrants: | No
|
| Placement agent: | Vision Opportunity Master Fund, Ltd.
|
| Pricing date: | March 14
|
| Settlement date: | Aug. 1
|
| Stock symbol: | OTCBB: KWPW
|
| Stock price: | $1.60 at close July 31
|
© 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.
