Deal sells 27.97 million shares at C$0.18 to investor Yimai Technology
By Devika Patel
Knoxville, Tenn., Oct. 4 - Annidis Corp. said it settled a C$5 million private placement of stock with Yimai Technology International Co. Ltd. The deal priced June 17.
The company sold 27,965,379 common shares at C$0.1788 apiece, which is a 22.26% discount to the June 14 closing share price of C$0.23.
Proceeds will be used to satisfy the cash component of the company's planned acquisition of ePAY and for general working capital.
The ocular science research company is based in Ottawa.
| Issuer: | Annidis Corp.
|
| Issue: | Common shares
|
| Amount: | C$5 million
|
| Shares: | 27,965,379
|
| Price: | C$0.1788
|
| Warrants: | No
|
| Investor: | Yimai Technology International Co. Ltd.
|
| Pricing date: | June 17
|
| Settlement date: | Oct. 4
|
| Stock symbol: | TSX Venture: RHA
|
| Stock price: | C$0.23 at close June 14
|
| Market capitalization: | C$15.62 million
|
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