By Devika Patel
Knoxville, Tenn., Jan. 22 - Diagnos Inc. said it has arranged a private placement for up to C$3 million.
The company will sell up to 5 million units at C$0.60 each. Up to 15% of the units may be bought by insiders.
The units consist of one share and one half-share warrant. The whole warrants are exercisable at C$0.85 each for six months.
Based in Brossard, Quebec, Diagnos develops data-mining software used by mineral prospecting companies.
| Issuer: | Diagnos Inc.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$3 million (maximum)
|
| Units: | 5 million (maximum)
|
| Price: | C$0.60
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Six months
|
| Warrant strike price: | C$0.85
|
| Pricing date: | Jan. 21
|
| Stock symbol: | TSX Venture: ADK
|
| Stock price: | C$0.64 at close Jan. 21
|
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