By Sheri Kasprzak
Atlanta, April 4 - Events International Holding Corp. has arranged a private placement for C$1.2 million.
The offering includes 8 million units at C$0.15 each.
The units are comprised of one share and one warrant. The warrants provide for an additional share at C$0.25 each for one year.
The company may redeem the unexercised warrants for C$0.01 each, upon 30 days' notice, if the average weighted trading price of the shares is at least C$0.40 per share for 20 consecutive trading days.
The placement agent in the offering, which is expected to close April 22, is Jones Gable & Co. Ltd.
Events International Holding, based in Montreal, organizes and manages conventions.
| Issuer: | Events International Holding Corp.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$1.2 million
|
| Units: | 8 million
|
| Price: | C$0.15
|
| Warrants: | One warrant per unit
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| Warrant expiration: | One year
|
| Warrant strike price: | C$0.25
|
| Placement agent: | Jones Gable & Co. Ltd.
|
| Pricing date: | April 4
|
| Settlement date: | April 22
|
| Stock price: | C$0.18 at close April 1
|
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