Deal sells 13,333,333 units, funds product development, working capital
By Devika Patel
Knoxville, Tenn., Jan. 12 – OneSoft Solutions Inc. said it plans a C$1 million non-brokered private placement of units.
The company will sell 13,333,333 units of one common share and one warrant at C$0.075 per unit.
Each warrant is exercisable at C$0.15 for two years. The strike price is a 114.29% premium to the Jan. 11 closing share price of C$0.07.
Proceeds will be used for product development associated with the Microsoft Ventures Accelerator project and for general working capital.
The company owns cloud-associated technology, assets and intellectual property.
| Issuer: | OneSoft Solutions Inc.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1 million
|
| Units: | 13,333,333
|
| Price: | C$0.075
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.15
|
| Agent: | Non-brokered
|
| Pricing date: | Jan. 12
|
| Stock symbol: | TSX Venture: OSS
|
| Stock price: | C$0.07 at close Jan. 11
|
| Market capitalization: | C$3.05 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.
