By Laura Lutz
Des Moines, Dec. 20 - Zecotek Photonics Inc. settled its private placement of units for C$3.45 million, up from the C$3 million deal size announced at pricing on Nov. 29.
The company sold 2,156,300 units at C$1.60 apiece. Each unit consists of one common share and one half-share warrant. Each whole warrant is exercisable at C$2.10 for two years.
Loewen, Ondaatje, McCutcheon Ltd. was the agent.
Proceeds will be used for working capital purposes and to fund projects.
Based in Vancouver, B.C., Zecotek is a photonics technology company developing high-performance crystals, photo detectors, lasers, optical imaging and 3D display technologies for commercial applications in the medical diagnostics and high-tech industry.
| Issuer: | Zecotek Photonics Inc.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$3,450,080
|
| Units: | 2,156,300
|
| Price: | C$1.60
|
| Warrants: | One half-share warrant per unit
|
| Warrant strike price: | C$2.10
|
| Warrant expiration: | Two years
|
| Agent: | Loewen, Ondaatje, McCutcheon Ltd.
|
| Pricing date: | Nov. 29
|
| Settlement date: | Dec. 20
|
| Stock symbol: | TSX Venture: ZMS
|
| Stock price: | C$1.85 at close Nov. 28
|
© 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.
