By Devika Patel
Knoxville, Tenn., April 14 - VIQ Solutions Inc. settled a non-brokered private placement of units for C$1.48 million. The deal priced for C$1.6 million on March 19.
VIQ sold 4,929,332 units of one common share and one half-share warrant at C$0.30 apiece. The company planned to sell 5,333,333 units at that price.
Each whole warrant is exercisable at C$0.45 for two years.
Proceeds will be used to pay down existing debt and for general working capital purposes.
Based in Toronto, VIQ is digital audio company.
| Issuer: | VIQ Solutions Inc.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$1,478,800
|
| Units: | 4,929,332
|
| Price: | C$0.30
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.45
|
| Agent: | Non-brokered
|
| Pricing date: | March 19
|
| Settlement date: | April 14
|
| Stock symbol: | TSX Venture: VQS
|
| Stock price: | C$0.36 at close March 18
|
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