Proceeds slated for 3D image content creation and working capital
By Jennifer Chiou
New York, May 26 - Arius3D Corp. announced that it pocketed C$1.19 million through its non-brokered private placement of 9,955,284 units at C$0.12 each.
The placement was announced on May 16 for up to 10,103,620 units, or C$1,212,434.
Each unit consists of one common share and one transferable common share purchase warrant. Each warrant will be exercisable to acquire one common share at C$0.16 for five years.
The offer price was a 7.69% discount from the May 13 closing share price of C$0.13.
Arius3D agreed to pay a finders' fee of 7% of the gross proceeds and finders' warrants equal to 7% of the units sold by qualified finders.
Proceeds will be used for 3D image content creation and working capital.
Arius3D is a Mississauga, Ont.-based creator of digital imaging services that enable organizations to research, present and share physical objects in digital form.
| Issuer: | Arius3D Corp
|
| Issue: | Units of one common share and one share purchase warrant
|
| Amount: | C$1,194,634
|
| Units: | 9,955,284
|
| Price: | C$0.12
|
| Warrants: | One share purchase warrant per unit
|
| Warrant expiration: | Five years
|
| Warrant strike price: | C$0.16
|
| Agent: | Non-brokered
|
| Pricing date: | May 16
|
| Settlement date: | May 26
|
| Stock symbol: | TSX Venture: LZR
|
| Stock price: | C$0.13 at close May 13
|
| Market capitalization: | C$16.08 million
|
© 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.
