Oversubscribed offering sold 4,320,143 units at C$0.35 per unit
By Devika Patel
Knoxville, Tenn., June 9 – Hamilton Thorne Ltd. said it settled an oversubscribed C$1.51 million non-brokered private placement of units.
The company sold 4,320,143 units of one common share and one half-share warrant at C$0.35 per unit.
Each whole warrant will be exercisable at C$0.45 for 15 months. The strike price reflects an 18.42% premium to C$0.38, the closing share price on June 8.
Bloom Burton Canadian Healthcare Fund participated.
Hamilton Thorne is a Toronto-based provider of advanced laser systems for the regenerative medicine, fertility and stem cell research markets.
| Issuer: | Hamilton Thorne Ltd.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$1,512,050
|
| Units: | 4,320,143
|
| Price: | C$0.35
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 15 months
|
| Warrant strike price: | C$0.45
|
| Agent: | Non-brokered
|
| Investor: | Bloom Burton Canadian Healthcare Fund
|
| Settlement date: | June 9
|
| Stock symbol: | TSX Venture: HTL
|
| Stock price: | C$0.38 at close June 8
|
| Market capitalization: | C$22.65 million
|
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