By Devika Patel
Knoxville, Tenn., Oct. 28 - Diagnos Inc. said it has arranged a C$1.2 million private placement.
The company will sell 6 million units at C$0.20 each. The units consist of one common share and one half-share warrant. The whole warrants are exercisable at C$0.30 for two years.
Based in Brossard, Quebec, Diagnos develops data-mining software used by mineral prospecting companies.
| Issuer: | Diagnos Inc.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$1.2 million
|
| Units: | 6 million
|
| Price: | C$0.20
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.30
|
| Pricing date: | Oct. 28
|
| Stock symbol: | TSX Venture: ADK
|
| Stock price: | C$0.18 at close Oct. 27
|
| Market capitalization: | C$7.75 million
|
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