Euro Pacific sells 5 million units of one share, a half-share warrant
By Devika Patel
Knoxville, Tenn., June 9 – Aurora Solar Technologies Inc. announced it will raise C$1.5 million in a private placement of units. Euro Pacific Canada Inc. is the agent.
The company will sell 5 million units of one common share and one half-share warrant at C$0.30 per unit.
Each whole, three-year warrant will be exercisable at C$0.45, a 32.36% premium to the June 8 closing share price of C$0.34.
The North Vancouver, B.C., company produces measurement and control systems for the photovoltaic manufacturing industry.
| Issuer: | Aurora Solar Technologies Inc.
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| Issue: | Units of one common share and one half-share warrant
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| Amount: | C$1.5 million
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| Units: | 5 million
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| Price: | C$0.30
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | Three years
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| Warrant strike price: | C$0.45
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| Agent: | Euro Pacific Canada Inc.
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| Pricing date: | June 9
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| Stock symbol: | TSX Venture: ACU
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| Stock price: | C$0.34 at close June 8
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| Market capitalization: | C$9.28 million
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