Offering consists of 3.2 million common shares sold at C$1.00 apiece
By Devika Patel
Knoxville, Tenn., March 14 - Mantra Venture Group Ltd. said its subsidiary, Mantra Energy Alternatives Ltd., will conduct a C$3.2 million private placement of stock.
The subsidiary will sell 3.2 million common shares at C$1.00 per share.
Proceeds will enable Mantra Energy to implement its Electrochemical Reduction of Carbon Dioxide technology on an industrial scale.
Mantra is a Surrey, B.C., green technology company.
| Issuer: | Mantra Energy Alternatives Ltd.
|
| Issue: | Common shares
|
| Amount: | C$3.2 million
|
| Shares: | 3.2 million
|
| Price: | C$1.00
|
| Warrants: | No
|
| Pricing date: | March 14
|
| Stock symbol: | OTCBB: MVTG
|
| Stock price: | $0.05 at close March 13
|
| Market capitalization: | $2.46 million
|
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