By Laura Lutz
Des Moines, June 18 - Manor Global Inc. plans a private placement of shares for up to C$6 million and at least C$3 million.
The company plans to sell up to 15 million common shares and at least 7.5 million shares at C$0.40 per share.
The placement will be conducted in connection with Manor Global's planned acquisition of Mbience Corp., which will be the company's qualifying transaction.
Proceeds will be used to fund the company's operations following the acquisition.
Manor is a capital pool company based in Toronto. Mbience is a software and services company.
| Issuer: | Manor Global Inc.
|
| Issue: | Common shares
|
| Amount: | C$6 million (maximum); C$3 million (minimum)
|
| Shares: | 15 million (maximum); 7.5 million (minimum)
|
| Price: | C$0.40
|
| Warrants: | No
|
| Pricing date: | June 18
|
| Stock symbol: | TSX Venture: GGV.P
|
| Stock price: | C$0.10 at close June 18
|
© 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.
