By Devika Patel
Knoxville, Tenn., Aug. 25 - JYW Capital Corp. announced it will conduct a C$5 million private placement of units via agent Union Securities Ltd.
The company will sell 20 million units at C$0.25 per unit. Each unit consists of one common share and one half-share warrant. Each whole two-year warrant will be exercisable at C$0.50. The warrant expiry will be accelerated to 30 days if the company's shares close at C$1.00 or higher for 20 consecutive trading days.
Based in Vancouver, B.C., JYW Capital is a capital pool company.
| Issuer: | JYW Capital Corp.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$5 million
|
| Units: | 20 million
|
| Price: | C$0.25
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.50
|
| Agent: | Union Securities Ltd
|
| Pricing date: | Aug. 25
|
| Stock symbol: | TSX Venture: JYW.P
|
| Stock price: | C$0.19 at close Aug. 24
|
| Market capitalization: | C$1.17 million
|
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