By Devika Patel
Knoxville, Tenn., Aug. 14 - Infinity Alliance Ventures Inc. said it took in C$4.9 million in a private placement of units. The deal priced for up to C$5 million on July 31.
The company sold 8,167,837 units at C$0.60 each.
Each unit consists of one common share and a half-share warrant. The whole warrants are exercisable at C$0.90 for two years.
Canaccord Capital Corp. was the agent.
Based in Vancouver, B.C., Infinity is a capital pool company.
| Issuer: | Infinity Alliance Ventures Inc.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$4,900,702.20
|
| Units: | 8,167,837
|
| Price: | C$0.60
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.90
|
| Agent: | Canaccord Capital Corp.
|
| Pricing date: | July 31
|
| Settlement date: | Aug. 13
|
| Stock symbol: | TSX Venture: IAV.P
|
| Stock price: | $0.75 at close July 31
|
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