By Devika Patel
Knoxville, Tenn., Dec. 21 - Digifonica International Inc. announced it will raise C$1.5 million in a non-brokered private placement of units.
The company will sell up to 750,000 units at C$2.00 apiece. Each unit consists of one common share and a half-share warrant. The whole two-year warrants are exercisable at C$2.80 for the first year and at C$3.40 thereafter.
The company may pay a 7% finder's fee in cash or units.
Proceeds will be used to extend the company's current network infrastructure to meet increasing growth and for general working capital purposes.
Digifonica, based in Dallas, provides voice-over-internet protocol services.
Issuer: | Digifonica International Inc.
|
Issue: | Units of one common share and a half-share warrant
|
Amount: | C$1.5 million
|
Units: | 750,000
|
Price: | C$2.00
|
Warrants: | One half-share warrant per unit
|
Warrant expiration: | Two years
|
Warrant strike price: | C$2.80 the first year, C$3.40 thereafter
|
Agent: | Non-brokered
|
Pricing date: | Dec. 21
|
Stock symbol: | TSX Venture: DIL
|
Stock price: | C$2.00 at close Dec. 20
|
© 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.