Deal sells 16,779,998 units with five-year warrants at $0.09 per unit
By Devika Patel
Knoxville, Tenn., April 1 - Viscount Systems, Inc. said it settled a $1.51 million private placement of units via agent Pickwick Capital Partners, LLC. The company raised $750,000 on similar terms in March.
The company sold 16,779,998 units of one common share and one half-share warrant at $0.09 per unit.
Each whole, five-year warrant is exercisable at $0.20. The strike price is a 66.67% premium to the March 31 closing share price of $0.12.
Proceeds will be used for general working capital purposes.
Based in Burnaby, B.C., Viscount is a manufacturer, developer and service provider of access control security products.
| Issuer: | Viscount Systems, Inc.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | $1,510,200
|
| Shares: | 16,779,998
|
| Price: | $0.09
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Five years
|
| Warrant strike price: | $0.20
|
| Agent: | Pickwick Capital Partners, LLC
|
| Settlement date: | April 1
|
| Stock symbol: | OTCBB: VSYS
|
| Stock price: | $0.12 at close March 31
|
| Market capitalization: | $13.56 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
