By Sheri Kasprzak
New York, May 19 - NetCo Investments Inc. has upsized to $2 million its previously announced $1 million private placement.
The offering now includes up to 2 million units of one share and one warrant.
Each warrant is exercisable at $1.50 for one year.
The deal priced on April 10 as a $1 million offering of 1 million units.
Proceeds will be used for marketing expenses related to the company's Vitabeast.com product, as well as for the development of a catalyst being acquired from Syntec Biofuel Inc.
Located in Vancouver, B.C., NetCo acquires and develops shopping centers. The investment in Syntec Biofuel is the first investment the company has made outside of the real estate sector.
| Issuer: | NetCo Investments Inc.
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| Issue: | Units of one share and one warrant
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| Amount: | $2 million
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| Units: | 2 million
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| Price: | $1.00
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| Warrants: | One warrant per unit
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| Warrant expiration: | One year
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| Warrant strike price: | $1.50
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| Pricing date: | April 10
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| Upsized: | May 19
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| Stock symbol: | OTCBB: NIVS
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| Stock price: | $1.50 at close April 10
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| Stock price: | $1.25 at close May 19
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