Company offers common shares, 18-month warrants at C$0.05 per unit
By Devika Patel
Knoxville, Tenn., March 3 – Digital Shelf Space Corp. said it plans a C$1 million non-brokered private placement of units.
The company will sell 20 million units of one common share and one warrant at C$0.05 per unit. Each 18-month warrant will be exercisable at C$0.10. The strike price is a 150% premium to C$0.04, the March 2 closing share price.
Proceeds will be used for working capital and general corporate purposes.
The producer of home entertainment content is based in Vancouver, B.C.
| Issuer: | Digital Shelf Space Corp.
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| Issue: | Units of one common share and one warrant
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| Amount: | C$1 million
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| Units: | 20 million
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| Price: | C$0.05
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| Warrants: | One warrant per unit
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| Warrant expiration: | 18 months
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| Warrant strike price: | C$0.10
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| Agent: | Non-brokered
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| Pricing date: | March 3
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| Stock symbol: | TSX Venture: DSS
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| Stock price: | C$0.04 at close March 2
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| Market capitalization: | C$995,180
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