By Sheri Kasprzak
New York, April 5 - Consolidated Ecoprogress Technology Inc. has concluded its previously announced private placement for C$3,409,452.
The company issued 34,094,520 units at C$0.10 each.
The units consist of one share and one warrant. The warrants allow for the purchase of another share at C$0.19 each for one year.
The non-brokered deal priced Feb. 24 as a C$3.3 million offering of 33 million units.
Proceeds will be used for future acquisitions and working capital.
Consolidated Ecoprogress, based in Vancouver, B.C., manufactures biodegradable feminine hygiene products.
| Issuer: | Consolidated Ecoprogress Technology Inc.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$3,409,452
|
| Units: | 34,094,520
|
| Price: | C$0.10
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.19
|
| Placement agent: | Non-brokered
|
| Pricing date: | Feb. 24
|
| Settlement date: | April 4
|
| Stock symbol: | TSX Venture: CES
|
| Stock price: | C$0.115 at close Feb. 24
|
| Stock price: | C$0.14 at close April 4
|
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