New Issue: Cell-Loc Location Technologies settles private placement for C$1.38 million

By Sheri Kasprzak

New York, Feb. 8 - Cell-Loc Location Technologies Inc. said it has concluded a private placement for C$1,382,000.

The company sold 5,528,000 units at C$0.25 each on a non-brokered basis.

The units included one share and one half-share warrant. The whole warrants are exercisable at C$0.40 each for two years.

Based in Calgary, Alta., Cell-Loc develops network-based wireless location technology.

Issuer:	Cell-Loc Location Technologies Inc.
Issue:	Units of one share and one half-share warrant
Amount:	C$1,382,000
Units:	5,528,000
Price:	C$0.25
Warrants:	One half-share warrant per unit
Warrant expiration:	Two years
Warrant strike price:	C$0.40
Placement agent:	Non-brokered
Settlement date:	Feb. 8
Stock symbol:	TSX Venture: LTI
Stock price:	C$0.375 at close Feb. 8

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