Non-brokered deal funds research, development, production improvements
By Devika Patel
Knoxville, Tenn., March 21 - TerraBioGen Technologies Inc. said it plans a C$1.2 million non-brokered private placement of stock.
The company will sell 12 million common shares at C$0.10 per share.
The price per share is a 16.67% discount to the March 20 closing share price of C$0.12.
Proceeds will be used to enhance the company's research and development, to secure its intellectual property and for production improvements.
Based in Vancouver, B.C., TerraBioGen is a developer and marketer of proprietary technologies for the production of organic-based, high-value agricultural products from organic wastes.
| Issuer: | TerraBioGen Technologies Inc.
|
| Issue: | Common shares
|
| Amount: | C$1.2 million
|
| Shares: | 12 million
|
| Price: | C$0.10
|
| Warrants: | No
|
| Agents: | Non-brokered
|
| Pricing date: | March 21
|
| Stock symbol: | TSX Venture: TBG
|
| Stock price: | C$0.12 at close March 20
|
| Market capitalization: | C$11.84 million
|
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