Non-brokered offering sells 10 million units with two-year warrants
By Devika Patel
Knoxville, Tenn., March 28 - Intelimax Media Inc. said it has arranged a C$3 million non-brokered private placement of units.
The company will sell 10 million units of one common share and one warrant at C$0.30 per unit.
Each two-year warrant will be exercisable at C$0.60, which is an 87.5% premium to the March 27 closing share price of C$0.32.
Intelimax is an internet media services company based in Vancouver, B.C.
| Issuer: | Intelimax Media Inc.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$3 million
|
| Units: | 10 million
|
| Price: | C$0.30
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.60
|
| Agent: | Non-brokered
|
| Pricing date: | March 28
|
| Stock symbol: | Canada: IMD
|
| Stock price: | C$0.32 at close March 27
|
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