Proceeds used to increase reserve fund and for general working capital
By Devika Patel
Knoxville, Tenn., Sept. 12 - First Global Data Ltd. said it settled a C$1.07 million non-brokered private placement of units. The deal priced for C$1 million on July 25.
The company sold 7,895,370 units of one common share and one half-share warrant at C$0.135 per unit.
Each warrant is exercisable at C$0.50 until Sept. 9, 2015. The strike price is a 233.33% premium to the July 24 closing share price of C$0.15.
Proceeds will be used to increase the company's reserve fund and for general working capital.
The capital pool company is based in Toronto.
Issuer: | First Global Data Ltd.
|
Issue: | Units of one common share and one half-share warrant
|
Amount: | C$1,065,875
|
Units: | 7,895,370
|
Price: | C$0.135
|
Warrants: | One half-share warrant per unit
|
Warrant expiration: | Sept. 9, 2015
|
Warrant strike prices: | C$0.50
|
Agent: | Non-brokered
|
Pricing date: | July 25
|
Settlement date: | Sept. 12
|
Stock symbol: | TSX Venture: FGD
|
Stock price: | C$0.15 at close July 24
|
Market capitalization: | C$22.47 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.