By Devika Patel
Knoxville, Tenn., June 27 - Forterra Environmental Corp. said it will take in C$2.5 million in a private placement of units.
The company will sell 16.68 million units at C$0.15 apiece. Each unit consists of one common share and one half-share warrant. Each whole warrant will be exercisable at C$0.25 for two years.
Euroglobal Capital Partners Inc. is the agent.
Settlement is expected on July 8.
Proceeds will be used for working capital.
Concord, Ont.-based Forterra produces and markets premium organic soil enrichment products.
| Issuer: | Forterra Environmental Corp.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$2,502,000
|
| Units: | 16.68 million
|
| Price: | C$0.15
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.25
|
| Agent: | Euroglobal Capital Partners Inc.
|
| Pricing date: | June 27
|
| Settlement date: | July 8
|
| Stock symbol: | TSX Venture: FTE
|
| Stock price: | C$0.22 at close June 27
|
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