Company sells 5,312,500 units at C$0.32 per unit in non-brokered deal
By Devika Patel
Knoxville, Tenn., March 19 – AnalytixInsight Inc. said it plans a C$1.7 million non-brokered private placement of units.
The company will sell 5,312,500 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 one year. The strike price reflects a 66.67% premium to the March 18 closing share price of C$0.30.
Settlement is expected March 31.
Proceeds will be used for general working capital purposes, the ongoing rollout of Marketwall and the execution of other projects.
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$1.7 million
|
| Units: | 5,312,500
|
| Price: | C$0.32
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.50
|
| Agent: | Non-brokered
|
| Pricing date: | March 19
|
| Settlement date: | March 31
|
| Stock symbol: | TSX Venture: ALY
|
| Stock price: | C$0.30 at close March 18
|
| Market capitalization: | C$9.64 million
|
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