By Sheri Kasprzak
Atlanta, Jan. 12 - Avenue Financial Corp. finished a tranche of a C$2 million private placement for C$401,665.
The company sold 4,016,650 units at C$0.10 each. The units include one share and one warrant.
The warrants allow for an additional share at C$0.10 each for two years.
The company has sold 18,092,450 units in the offering so far.
Avenue plans to sell an additional 5 million units in the deal, pending approval from the Toronto Stock Exchange.
Based in Toronto, Avenue designs and develops investment products for high net-worth investors and institutions.
| Issuer: | Avenue Financial Corp.
|
| Issue: | Units of one share and one warrant
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| Amount: | C$401,665
|
| Units: | 4,016,650
|
| Price: | C$0.10
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.10
|
| Settlement date: | Jan. 12
|
| Stock price: | C$0.075 at close Jan. 12
|
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