By Devika Patel
Knoxville, Tenn., Feb. 18 - D-Box Technologies Inc. said it completed a C$7.24 million non-brokered private placement of units.
The company sold 20,692,886 units of one common share and one half-share warrant at C$0.35 each.
Each full warrant is exercisable at C$0.55 until Feb. 17, 2011.
Proceeds will be used to accelerate the deployment of the company's motion systems for commercial theater application and for working capital and general corporate purposes.
Based in Longueuil, Quebec, D-Box manufactures motion systems for the entertainment industry.
| Issuer: | D-Box Technologies Inc.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$7,242,510
|
| Units: | 20,692,886
|
| Price: | C$0.35
|
| Warrants: | One half-share warrant per unit
|
| Warrant strike price: | C$0.55
|
| Warrant expiration: | Feb. 17, 2011
|
| Agent: | Non-brokered
|
| Settlement date: | Feb. 18
|
| Stock symbol: | TSX Venture: DBO.A
|
| Stock price: | C$0.33 at close Feb. 17
|
| Market capitalization: | C$35.7 million
|
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