By Devika Patel
Knoxville, Tenn., Sept. 16 - Marketvision Direct, Inc. said it has arranged a C$1.95 million private placement of units.
The company will sell 39 million units at C$0.05 per unit.
Each unit consists of one common share and one warrant. Each two-year warrant is exercisable at C$0.06 in the first year and at C$0.10 thereafter.
Proceeds will be used for acquisitions and general corporate purposes.
Based in Toronto, Marketvision Direct is an investment company.
Issuer: | Marketvision Direct, Inc.
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Issue: | Units of one common share and one warrant
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Amount: | C$1.95 million
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Units: | 39 million
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Price: | C$0.05
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Warrants: | One warrant per unit
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Warrant expiration: | Two years
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Warrant strike price: | C$0.06 in the first year, C$0.10 thereafter
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Pricing date: | Sept. 16
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Stock symbol: | TSX Venture: MKT
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Stock price: | C$0.03 at close Sept. 16
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Market capitalization: | C$1.17 million
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