Non-brokered offering slated to fund general working capital purposes
By Devika Patel
Knoxville, Tenn., Aug. 29 – Unisync Corp. said it will conduct a C$1 million non-brokered private placement of stock.
The company will sell 500,000 class B common shares at C$2.00 apiece. The price per share is a 13.04% discount to the Aug. 26 closing share price of C$2.30.
Proceeds will be used for general working capital purposes.
The Vancouver, B.C., company designs, manufactures and sells uniforms and military apparel.
| Issuer: | Unisync Corp.
|
| Issue: | Class B common shares
|
| Amount: | C$1 million
|
| Shares: | 500,000
|
| Price: | C$2.00
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Aug. 29
|
| Stock symbol: | TSX Venture: UNI
|
| Stock price: | C$2.30 at close Aug. 26
|
| Market capitalization: | C$28.99 million
|
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