By Devika Patel
Knoxville, Tenn., Nov. 10 - Omnicity Corp. settled a $1.4 million private placement of units on Nov. 10, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
The company sold 4 million units of one common share and a half-share warrant at $0.35 per unit. The whole warrants are each exercisable at $0.50 until Nov. 10, 2011.
Carmel, Ind.'s Omnicity provides broadband access, including services of voice, video and data.
| Issuer: | Omnicity Corp.
|
| Issue: | Units of one common share and a half-share warrant
|
| Amount: | $1.4 million
|
| Units: | 4 million
|
| Price: | $0.35
|
| Warrants: | One half-share warrant per unit
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| Warrant expiration: | Nov. 10, 2011
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| Warrant strike price: | $0.50
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| Settlement date: | Nov. 10
|
| Stock symbol: | OTCBB: OMCY
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| Stock price: | $0.311 at close Nov. 10
|
| Market capitalization: | $12 million
|
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