By Sheri Kasprzak
Atlanta, June 8 - Flexible Solutions International, Inc. said it has raised an additional C$327,750 in a private placement that closed April 14, bringing to C$3,702,750 the total proceeds raised in the offering.
In the last closing, the company sold 87,400 units at C$3.75 each.
The units include one share and one warrant. The warrants provide for an additional share at C$4.50 each.
According to a statement from Flexible, there will be no additional closings in the offering.
The additional proceeds will be used for working capital.
Based in Victoria, B.C., Flexible Solutions develops and manufactures a water evaporation retardant.
| Issuer: | Flexible Solutions International, Inc.
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| Issue: | Units of one share and one warrant
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| Amount: | C$327,750
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| Units: | 87,400
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| Price: | C$3.75
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| Warrants: | One warrant per unit
|
| Warrant strike price: | C$4.50
|
| Settlement date: | June 8
|
| Stock price: | C$4.40 at close June 8
|
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