Non-brokered deal sells 5 million common-share units at C$0.20 apiece
By Devika Patel
Knoxville, Tenn., May 28 - AtmanCo Inc. said it will conduct a C$1 million non-brokered private placement of units.
The company will sell 5 million units of one common share and one half-share warrant at C$0.20 per unit.
Each whole warrant will be exercisable at C$0.30 for two years. The strike price reflects a 66.67% premium to the May 27 closing share price of C$0.18.
Proceeds will be used for the optimization of a technological platform destined for both businesses and a new consumer market, as well as for the execution of digital marketing strategies.
The Montreal company has created a psychometric tool which is used to evaluate and develop human potential.
| Issuer: | AtmanCo Inc.
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| Issue: | Units of one common share and one half-share warrant
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| Amount: | C$1 million
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| Units: | 5 million
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| Price: | C$0.20
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | C$0.30
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| Agent: | Non-brokered
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| Pricing date: | May 28
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| Stock symbol: | TSX Venture: ATW
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| Stock price: | C$0.18 at close May 27
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| Market capitalization: | C$7.02 million
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