By Devika Patel
Knoxville, Tenn., June 25 - Opsens Inc. announced it raised C$1.75 million in a non-brokered private placement of stock. The deal priced for C$2 million on June 19.
The company sold 2,916,667 common shares at C$0.60 apiece.
Proceeds will be used to strengthen the company's financial position.
Quebec City-based Opsens develops fiber optic sensors and signal conditioners used in the oil and natural gas sector.
| Issuer: | Opsens Inc.
|
| Issue: | Common shares
|
| Amount: | C$1.75 million
|
| Shares: | 2,916,667
|
| Price: | C$0.60
|
| Warrants: | No
|
| Agents: | Non-brokered
|
| Pricing date: | June 19
|
| Settlement date: | June 25
|
| Stock symbol: | TSX Venture: OPS
|
| Stock price: | C$0.65 at close June 19
|
| Market capitalization: | C$26.3 million
|
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