By Laura Lutz
Des Moines, April 10 - Savers Plus International Inc. raised C$174,000 from the third and final tranche of a C$1 million private placement of units, bringing the total deal size to C$996,000.
In total, the company has sold 3.984 million units of one share and one half-share warrant at C$0.25 per unit. Each whole warrant will be exercisable at C$0.35 for 18 months.
The most recent tranche included 696,000 units.
The deal was announced on Feb. 23 as a C$650,000 placement and upsized to C$1 million on Feb. 28.
The first tranche, for C$677,000, closed on March 14. The second, for C$145,000, closed on April 4.
Proceeds of the non-brokered deal will be used for strategic growth and general corporate purposes.
Based in Richmond Hill, Ont., Savers Plus provides business services including coupon cards based in Richmond Hill, Ont.
| Issuer: | Savers Plus International Inc.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$996,000
|
| Units: | 3.984 million
|
| Price: | C$0.25
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.35
|
| Pricing date: | Feb. 23
|
| Upsized: | Feb. 28
|
| Settlement date: | March 14 (for C$677,000); April 4 (for C$145,000); April 10 (for C$174,000)
|
| Stock symbol: | TSX Venture: SAV
|
| Stock price: | C$0.28 at close Feb. 23
|
| Stock price: | C$0.26 at close Feb. 28
|
| Stock price: | C$0.25 at close March 14
|
| Stock price: | C$0.25 at close April 4
|
| Stock price: | C$0.225 at close April 10
|
© 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.
