By Laura Lutz
Washington, Dec. 7 - Longview Capital Partners Inc. raised C$3,098,120 from the final tranche of a previously announced private placement of units for C$13,856,749.
In total, the company sold 19,795,356 units of one share and one half-share warrant at C$0.70 per unit, including 4,426,885 units in the most recent tranche.
Each whole warrant will be exercisable at C$1.00 for 18 months.
The deal priced on Nov. 7 as a C$10.5 million offering of 15 million units. On Nov. 16, the company priced an additional 2.85 million units for C$1.995 million.
Proceeds from the non-brokered deal will be used for investment plans.
Located in Vancouver, B.C., Longview is an investment company.
| Issuer: | Longview Capital Partners Inc.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$13,856,749
|
| Units: | 19,795,356
|
| Price: | C$0.70
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$1.00
|
| Agent: | Non-brokered
|
| Stock symbol: | TSX Venture: LV
|
| Stock price: | C$0.87 at close Nov. 7
|
| Stock price: | C$0.90 at close Nov. 16
|
| Stock price: | C$1.18 at close Dec. 7
|
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