By Sheri Kasprzak
Atlanta, Oct. 13 - Optimal Geomatics Inc. wrapped up a C$1.4 million non-brokered private placement of stock Wednesday.
The Vancouver, B.C.-based aerial mapping company should receive gross proceeds of about C$1,390,382 in the sale.
The company sold 6,620,869 shares to 15 investors at C$0.21. The terms of the deal include a four-month holding period, which expires Feb. 13, 2005.
The funds will be used for general working capital.
Issuer: | Optimal Geomatics Inc.
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Issue: | Stock
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Amount: | C$1.4 million
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Shares: | 6,620,869
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Price: | C$0.21
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Warrants: | No
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Settlement date: | Oct. 13
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Stock price: | C$0.25 at close Oct. 13
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