By Sheri Kasprzak
Atlanta, April 14 - Omnitech Consultant Group Inc. said it has completed its previously announced private placement with Sipar Inc. for C$1,872,000.
The company sold 1 million units at C$1.192 each to Sipar and an additional 500,000 units at C$1.36 each.
The units are comprised of one share and one half-share warrant. The full warrants allow for an additional share at C$1.49 each for 18 months.
The additional units include one share and one half-share warrant. The whole warrants provide for an additional share at C$1.70 each for 18 months.
The offering was first announced as a C$1,192,000 offering of just the 1 million units sold at C$1.192 each.
Based in Quebec City, Omnitech integrates technologies for companies. The proceeds will be used for acquisitions and to develop and allocate C$3 million for additional acquisitions.
| Issuer: | Omnitech Consultant Group Inc.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$1,872,000
|
| Units: | 1 million
|
| Price: | C$1.192
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$1.49
|
| Additional units: | 500,000
|
| Price: | C$1.36
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$1.70
|
| Investor: | Sipar Inc.
|
| Announcement date: | April 6
|
| Settlement date: | April 14
|
| Stock price: | C$1.70 at close April 6
|
| Stock price: | C$1.70 at close April 13
|
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