Company is selling 64,285,714 shares at C$0.14 per share in offering
By Devika Patel
Knoxville, Tenn., March 26 - Look Communications Inc. said it will conduct a C$9 million private placement of stock.
The company will sell 64,285,714 shares at C$0.14 per share. The price per share is a 16.67% premium to the March 25 closing share price of C$0.12.
Look Communications is a telecommunication company in Milton, Ont.
| Issuer: | Look Communications Inc.
|
| Issue: | Shares
|
| Amount: | C$9 million
|
| Shares: | 64,285,714
|
| Price: | C$0.14
|
| Warrants: | No
|
| Pricing date: | March 26
|
| Stock symbol: | TSX Venture: LOK
|
| Stock price: | C$0.12 at close March 25
|
| Market capitalization: | C$16.07 million
|
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