Company offers common shares, 18-month warrants at C$0.05 per unit
By Devika Patel
Knoxville, Tenn., May 5 – Digital Shelf Space Corp. said it raised C$152,500 in another tranche of a C$1 million non-brokered private placement of units. The deal priced on March 3 and raised C$300,000 on March 31.
The company is selling 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.
Digital Shelf sold 6 million units in the first tranche and 3.05 million units in the second tranche.
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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Settlement dates: | March 31 (for C$300,000), May 5 (for C$152,500)
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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$12.04 million
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