Published on 6/1/2007 in the Prospect News PIPE Daily.
New Issue: AeroMechanical Services wraps C$2.93 million sale of shares
By Laura Lutz
Des Moines, June 1 - AeroMechanical Services Ltd. closed its previously announced private placement of shares for C$2,929,181.
The company sold 4,912,500 common shares at C$0.40 each and 1,606,967 common shares at C$0.60 each.
The placement was non-brokered.
Proceeds will be used for inventory, sales and marketing, and working capital.
Based in Calgary, Alta., AeroMechanical provides technologies and services to the airline industry.
| Issuer: | AeroMechancial Services Ltd.
|
| Issue: | Common shares
|
| Amount: | C$2,929,181
|
| Shares: | 6,519,467
|
| Price: | C$0.40 for 4,912,500 shares; C$0.60 for 1,606,967 shares
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Settlement date: | June 1
|
| Stock symbol: | TSX Venture: AMA
|
| Stock price: | C$0.71 at close June 1
|
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