By Sheri Kasprzak
New York, Nov. 23 - Even Technologies Inc. has settled a C$1.5 million private placement.
The company issued 7.5 million units at C$0.20 each to a group of six investors.
The units are comprised of one share and one warrant. The warrants are exercisable at C$0.24 each for two years.
The offering was non-brokered.
Based in Vancouver, B.C., Even Technologies develops video compression software.
| Issuer: | Even Technologies Inc.
|
| Issue: | Units of one share and one warrant
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| Amount: | C$1.5 million
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| Units: | 7.5 million
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| Price: | C$0.20
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| Warrants: | One warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | C$0.24
|
| Placement agent: | Non-brokered
|
| Settlement date: | Nov. 22
|
| Stock price: | C$0.28 at close Nov. 22
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