By Sheri Kasprzak
New York, Dec. 5 - Opsens Inc. wrapped a private placement for C$1.1 million.
The company issued to a U.S. financial institution and a private investor 2,444,444 units at C$0.45 each.
The units consist of one share and one half-share warrant with each whole warrant exercisable at C$0.55 through Dec. 5, 2008.
Desjardins Securities Inc. was the placement agent.
In other news, Opsens' board of directors granted 50,000 stock options to an employee and officer.
Quebec City-based Opsens develops fiber optic sensors and signal conditioners used in the oil and natural gas sector.
| Issuer: | Opsens Inc.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$1.1 million
|
| Units: | 2,444,444
|
| Price: | C$0.45
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Dec. 5, 2008
|
| Warrant strike price: | C$0.55
|
| Placement agent: | Desjardins Securities Inc.
|
| Settlement date: | Dec. 5
|
| Stock symbol: | TSX Venture: OPS
|
| Stock price: | C$0.45 at close Dec. 4
|
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