C-Chip Technologies raises $4.5 million in private placement of debentures

By Sheri Kasprzak

Atlanta, Feb. 16 - C-Chip Technologies Corp. said it has wrapped a $4.5 million private placement.

Company president and chief executive officer Stephane Solis did not return phone calls for details on the offering, which was made up of series A senior secured convertible debentures and series E and series F warrants.

Midtown Partners & Co. LLC was the placement agent in the deal.

C-Chip, based in Montreal, integrates wireless communications, online transactions, software applications and other technologies. On Wednesday, the company's stock closed up $0.01 at $0.85.

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