By Sheri Kasprzak
New York, Sept. 22 - Info Touch Technologies Corp. said it has arranged a private placement for C$4,000,100.
The company plans to sell 6,154,000 shares at C$0.65 each.
A syndicate of underwriters led by GMP Securities Ltd. and including Pacific International Securities Inc. has an over-allotment option for up to 1.54 million additional shares.
The proceeds will be used for working capital and general corporate purposes.
The offering is expected to close Oct. 6.
Based in Burnaby, B.C., Info Touch develops a network of financial services kiosks for non-bank consumer marketplaces.
| Issuer: | Info Touch Technologies Corp.
|
| Issue: | Stock
|
| Amount: | C$4,000,100
|
| Shares: | 6,154,000
|
| Greenshoe: | For up to 1.54 million shares
|
| Price: | C$0.65
|
| Warrants: | No
|
| Underwriters: | GMP Securities Ltd. (lead); Pacific International Securities Inc.
|
| Pricing date: | Sept. 22
|
| Settlement date: | Oct. 6
|
| Stock price: | C$0.70 at close Sept. 21
|
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