Company sells 2 million common shares at C$0.50 per share in offering
By Devika Patel
Knoxville, Tenn., Dec. 12 – Orca Touchscreen Technologies Ltd. said it will conduct a C$1 million private placement of stock.
The company will sell 2 million common shares at C$0.50 apiece. The price per share represents a 15.25% discount to C$0.59, the Dec. 11 closing share price.
Proceeds will be used for general working capital purposes.
The Vancouver, B.C., company sells and distributes capacitive touchscreens to manufacturers of electronic devices.
| Issuer: | Orca Touchscreen Technologies Ltd.
|
| Issue: | Common shares
|
| Amount: | C$1 million
|
| Shares: | 2 million
|
| Price: | C$0.50
|
| Warrants: | No
|
| Pricing date: | Dec. 12
|
| Stock symbol: | CNSX: OAA
|
| Stock price: | C$0.59 at close Dec. 11
|
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