Company is selling units of one common share and one warrant at C$0.20
By Devika Patel
Knoxville, Tenn., Aug. 14 – Keek Inc. said it raised C$816,800 in the first tranche of a C$1.15 million non-brokered private placement of units.
The company is selling units of one common share and one warrant at C$0.20 per unit. The three-year warrants are each exercisable at C$0.25, which is a 47.06% premium to the Aug. 13 closing share price of C$0.17.
Keek sold 4,084,000 units in the first tranche.
Toronto- and New York-based Keek provides a global mobile video network.
| Issuer: | Keek Inc.
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| Issue: | Units of one common share and one warrant
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| Amount: | C$1.15 million
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| Price: | C$0.20
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| Warrants: | One warrant per unit
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| Warrant expiration: | Three years
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| Warrant strike price: | C$0.25
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| Agent: | Non-brokered
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| Settlement date: | Aug. 14 (for C$816,800)
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| Stock symbol: | TSX Venture: KEK
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| Stock price: | C$0.17 at close Aug. 13
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| Market capitalization: | C$2.92 million
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