By Devika Patel
Knoxville, Tenn., March 8 - Streetlight Intelligence Inc. said it completed a C$2.53 million private placement of units. The deal priced for C$3 million on Dec. 2.
The company sold 21,113,936 units of one common share and one half-share warrant at C$0.12 per unit on a best-efforts basis. Each whole warrant is exercisable at C$0.24 for one year.
Dundee Securities Corp. was the agent.
Proceeds will be used for general working capital.
Based in Victoria, B.C., Streetlight produces technology to remotely program streetlights.
| Issuer: | Streetlight Intelligence Inc.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$2,533,672
|
| Units: | 21,113,936
|
| Price: | C$0.12
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.24
|
| Agent: | Dundee Securities Corp.
|
| Pricing date: | Dec. 2
|
| Settlement date: | March 8
|
| Stock symbol: | TSX Venture: SLQ
|
| Stock price: | C$0.12 at close Dec. 1
|
| Market capitalization: | C$8.48 million
|
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