By Sheri Kasprzak
Atlanta, Oct. 13 - Optimal Geomatics Inc. wrapped up a C$1.4 million non-brokered private placement of stock Wednesday.
The Vancouver, B.C.-based aerial mapping company should receive gross proceeds of about C$1,390,382 in the sale.
The company sold 6,620,869 shares to 15 investors at C$0.21. The terms of the deal include a four-month holding period, which expires Feb. 13, 2005.
The funds will be used for general working capital.
| Issuer: | Optimal Geomatics Inc.
|
| Issue: | Stock
|
| Amount: | C$1.4 million
|
| Shares: | 6,620,869
|
| Price: | C$0.21
|
| Warrants: | No
|
| Settlement date: | Oct. 13
|
| Stock price: | C$0.25 at close Oct. 13
|
|
|
© 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.
