Units sold at C$0.10 each to fund working capital, corporate purposes
By Devika Patel
Knoxville, Tenn., April 23 - Digital Shelf Space Corp. said it plans a C$3 million non-brokered private placement of units.
The company will sell 30 million units of one common share and one warrant at C$0.10 per unit.
Each warrant is exercisable at C$0.15 for one year. The strike price is identical to the April 22 closing share price.
Proceeds will be used for working capital and general corporate purposes.
The producer of home entertainment content is based in Vancouver, B.C.
Issuer: | Digital Shelf Space Corp.
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Issue: | Units of one common share and one warrant
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Amount: | C$3 million
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Units: | 30 million
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Price: | C$0.10
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Warrants: | One warrant per unit
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Warrant expiration: | One year
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Warrant strike price: | C$0.15
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Agent: | Non-brokered
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Pricing date: | April 23
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Stock symbol: | TSX Venture: DSS
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Stock price: | C$0.15 at close April 22
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Market capitalization: | C$4.55 million
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