Investor Cote 100 plans to buy 8.1 million units at C$0.18 apiece
By Toni Weeks
San Luis Obispo, Calif., May 27 - AtmanCo Inc. plans to raise C$1.46 million in a private placement of units with Cote 100 Inc., according to a press release.
The company is selling 8.1 million units of one common share and one warrant at C$0.18 each.
Each warrant is exercisable for two years at C$0.30 per share, a 66.67% premium to the closing share price of C$0.18 on May 26.
Settlement is expected June 6.
Proceeds will be used for the adjustment of a B2C platform for the new consumer market, the execution of digital marketing strategies and the marketing development of major American corporations.
Montreal-based AtmanCo utilizes a web platform to help executives and managers recruit qualified human resources.
| Issuer: | AtmanCo Inc.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1,458,000
|
| Units: | 8.1 million
|
| Price: | C$0.18
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.30
|
| Investor: | Cote 100 Inc.
|
| Announcement date: | May 27
|
| Settlement date: | June 6
|
| Stock symbol: | TSX: ATW
|
| Stock price: | C$0.18 at close May 26
|
| Market capitalization: | C$7.02 million
|
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