By Devika Patel
Knoxville, Tenn., July 12 - United Protection Security Group Inc. said it arranged a C$5 million equity line facility with Dutchess Opportunity Cayman Fund Ltd.
Dutchess has committed to purchase up to C$5 million of the company's common shares over three years.
The shares will be sold at a price equal to 95% of the prevailing price of the stock.
United Protection, based in Edmonton, Alta., provides security services.
| Issuer: | United Protection Security Group Inc.
|
| Issue: | Equity line facility
|
| Amount: | C$5 million
|
| Tenor: | Three years
|
| Price: | 95% of the prevailing price of stock
|
| Warrants: | No
|
| Investor: | Dutchess Opportunity Cayman Fund Ltd.
|
| Pricing date: | July 12
|
| Stock symbol: | TSX Venture: UZZ
|
| Stock price: | C$0.075 at close July 9
|
| Market capitalization: | C$5.34 million
|
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