New York, Dec. 31 - Icefloe Technologies Inc. said Friday it completed an upsized private placement of C$2.26 million.
The company sold 3,019,339 units at C$0.75 each. It originally said it would sell at least 2,666,666 units.
The units are comprised of one share and one warrant. The warrants allow for an additional share at C$1.25 each for two years.
Five parties related to the company bought a portion of the offering. David Minas will buy 27,642 of the units, Philip Carter will buy 44,612 units, Wayne Newson will buy 120,000 units, J. Robert Furse will buy 139,891 units and Michael Gerrior will buy 5,333 units.
Based in Toronto, Icefloe develops and commercializes a chilling technology used for serving draught beers.
Issuer: | Icefloe Technologies Inc.
|
Issue: | Units of one share and one warrant
|
Amount: | C$2.264508 million
|
Shares: | 3,019,339 units
|
Price: | C$0.75
|
Warrants: | One warrant per unit
|
Warrant expiration: | Two years
|
Warrant strike price: | C$1.25
|
Investors: | David Minas, Philip Carter, Wayne Newson, J. Robert Furse, Michael Gerrior
|
Announcement date: | Dec. 21
|
Settlement date: | Dec. 31
|
Stock price: | C$1.25 at close Dec. 21
|
|
© 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.