By Laura Lutz
Washington, Feb. 21 - Enablence Technologies Inc. priced its previously announced C$15 million private placement of shares.
The company plans to sell 25 million common shares at C$0.60 each.
A syndicate led by Paradigm Capital Inc. and including Wellington West Capital Markets Inc. and Raymond James Ltd. will act as agents.
Proceeds will be used to expand the company's product lines, to accelerate market entry in strategic areas and for working capital.
Settlement is expected by March 1.
Based in Ottawa, Enablence designs and manufactures optical components.
| Issuer: | Enablence Technologies Inc.
|
| Issue: | Shares
|
| Amount: | C$15 million
|
| Shares: | 25 million
|
| Price: | C$0.60
|
| Warrants: | No
|
| Agents: | Paradigm Capital Inc. (lead), Wellington West Capital Markets Inc., Raymond James Ltd.
|
| Announcement date: | Feb. 7
|
| Pricing date: | Feb. 21
|
| Settlement date: | March 1
|
| Stock symbol: | TSX Venture: ENA
|
| Stock price: | C$0.63 at close Feb. 7
|
| Stock price: | C$0.60 at close Feb. 21
|
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