New Issue: Traceguard completes $1.43 million private placement of units

By Sheri Kasprzak

New York, Jan. 26 - Traceguard Technologies, Inc. said it has wrapped a $1,425,484 private placement.

The company sold 2,036,406 units at $0.70 each.

The units are comprised of one share and one warrant for two shares. The full terms of the warrants could not be determined Thursday.

The deal was settled in two separate tranches. The first, for $300,000, was closed on Dec. 5. The second, for $1,125,485, was settled on Jan. 19.

Based in Jerusalem, Israel, Traceguard develops internet-based computer software used to translate website information into multiple languages.

Issuer:	Traceguard Technologies, Inc.
Issue:	Units of one share and one warrant for two shares
Amount:	$1,425,484
Units:	2,036,406
Price:	$0.70
Warrants:	One warrant for two shares
Settlement date:	Dec. 5 (for $300,000)
Settlement date:	Jan. 19 (for $1,125,458)
Stock symbol:	OTCBB: TCGD
Stock price:	$1.38 at close Jan. 19

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