By Sheri Kasprzak
New York, Jan. 26 - Woize International Ltd. said it has settled a $2.5 million private placement of units.
The company issued 1,282,048 units at $1.95 each to a group of accredited investors.
The units are comprised of one share and one half-share warrant. The whole warrants are exercisable at $2.40 each for two years.
Proceeds will be used for research and development.
London-based Woize develops voice-over-internet protocol-based digital telephony services for individual users.
| Issuer: | Woize International Ltd.
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| Issue: | Units of one share and one half-share warrant
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| Amount: | $2.5 million
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| Units: | 1,282,048
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| Price: | $1.95
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | $2.40
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| Settlement date: | Jan. 26
|
| Stock symbol: | OTCBB: WOIZ
|
| Stock price: | $2.02 at close Jan. 25
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