By Laura Lutz
Des Moines, July 9 - Luca Capital Inc. completed a private placement of subscription receipts for C$4.025 million.
The company sold 11.5 million subscription receipts for C$0.35 each.
The subscription receipts will become exchangeable immediately before closing of Luca's merger with VentriPoint, Inc. Each receipt will be exchangeable for one unit of one share and one half-share warrant.
Each whole warrant will be exercisable at C$0.50 for 18 months.
Blackmont Capital Inc. was the lead agent.
Luca is a capital pool company based in Calgary, Alta. The merger will be the company's qualifying transaction. VentriPoint develops solutions for cardiac image analysis.
| Issuer: | Luca Capital Inc.
|
| Issue: | Subscription receipts exchangeable for units of one share and one half-share warrant
|
| Amount: | C$4.025 million
|
| Subscription receipts: | 11.5 million
|
| Price: | C$0.35
|
| Warrants: | One half-share warrant per unit upon exchange
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.50
|
| Agent: | Blackmont Capital Inc.
|
| Settlement date: | July 9
|
| Stock symbol: | TSX Venture: LUI.P
|
| Stock price: | C$0.50 at close July 9
|
© 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.
