Price per share lowered 23.5%; IBS Capital is the placement agent
By Devika Patel
Knoxville, Tenn., Oct. 14 - Extenway Solutions Inc. said it revised the terms of a C$2.5 million private placement of stock. IBS Capital, senc is the agent for the deal, which priced July 25.
The company will now sell 19,230,769 common shares at C$0.13 apiece. The price per share is a 23.53% discount to the July 23 closing share price of C$0.17.
The shares originally were priced at C$0.17 apiece.
Proceeds will be used for working capital purposes.
Montreal-based Extenway provides services to the hospitality industry.
Issuer: | Extenway Solutions Inc.
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Issue: | Common shares
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Amount: | C$2.5 million
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Units: | 19,230,769
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Price: | C$0.13
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Warrants: | No
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Agent: | IBS Capital, senc
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Pricing date: | July 25
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Revised: | Oct. 14
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Stock symbol: | TSX Venture: EY
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Stock price: | C$0.17 at close July 23
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Market capitalization: | C$18.94 million
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