Company is selling units of one common share and one warrant at C$0.25
By Devika Patel
Knoxville, Tenn., March 21 – Keek Inc. said it raised C$750,000 in the first tranche of a C$1.5 million non-brokered private placement of units. The deal priced on Jan. 21.
The company is selling 6 million units of one common share and one warrant at C$0.25 per unit. The one-year warrants are each exercisable at C$0.30, which is a 30.43% premium to the Jan. 20 closing share price of C$0.23.
Keek sold 3 million units in the first tranche. Riavera Corp. bought 520,000 units for C$130,000.
Proceeds will be used for implementing a licensing agreement with Personas.com Corp. and for general corporate purposes.
Toronto- and New York-based Keek provides a mobile video network.
| Issuer: | Keek Inc.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1.5 million
|
| Units: | 6 million
|
| Price: | C$0.25
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.30
|
| Agent: | Non-brokered
|
| Investor: | Riavera Corp. (for C$130,000)
|
| Pricing date: | Jan. 21
|
| Settlement date: | March 21 (for C$750,000)
|
| Stock symbol: | TSX Venture: KEK
|
| Stock price: | C$0.23 at close Jan. 20
|
| Market capitalization: | C$7.12 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
