Company sells 5,468,750 units with half-share warrants in offering
By Devika Patel
Knoxville, Tenn., Nov. 20 - AnalytixInsight Inc. said it has arranged a C$1.75 million non-brokered private placement of units.
The company will sell 5,468,750 units of one common share and a half-share warrant at C$0.32 per unit.
Each whole warrant will be exercisable at C$0.50 for two years. The strike price reflects a 66.67% premium to the Nov. 19 closing share price of C$0.30.
Proceeds will be used to build on the company's mobile enabled platform, to launch mobile specific products and services and for general working capital purposes.
The Vancouver, B.C., company provides financial research and content for investors, information providers, finance portals and media.
| Issuer: | AnalytixInsight Inc.
|
| Issue: | Units of one common share and a half-share warrant
|
| Amount: | C$1.75 million
|
| Units: | 5,468,750
|
| Price: | C$0.32
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.50
|
| Agent: | Non-brokered
|
| Pricing date: | Nov. 20
|
| Stock symbol: | TSX Venture: ALY
|
| Stock price: | C$0.30 at close Nov. 19
|
| Market capitalization: | C$6.53 million
|
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