By Devika Patel
Knoxville, Tenn., June 2 - Calotto Capital Inc. said it plans a C$2 million private placement of units. Loewen, Ondaatje, McCutcheon Ltd., the agent, has a C$2.5 million greenshoe.
The company will sell 2,666,666 units of one common share and one warrant at C$0.75 per unit.
Each warrant will be exercisable at C$1.125 for 18 months.
Proceeds will be used to fund future growth and for working capital purposes.
The capital pool company is based in Ottawa, Ont.
| Issuer: | Calotto Capital Inc.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$2 million
|
| Greenshoe: | C$2.5 million
|
| Units: | 2,666,666
|
| Price: | C$0.75
|
| Warrants: | One per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$1.125
|
| Agent: | Loewen, Ondaatje, McCutcheon Ltd.
|
| Pricing date: | June 2
|
| Stock symbol: | TSX Venture: TTO.P
|
| Stock price: | C$0.05 at close June 2
|
| Market capitalization: | C$666 million
|
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