By Devika Patel
Knoxville, Tenn., June 7 - Liquidation World Inc. said it raised C$1.5 million in a non-brokered private placement of units.
The company sold 2,205,883 units at C$0.68 apiece. Each unit consists of one common share and one half-share warrant. Each whole warrant is exercisable at C$0.85 for three years.
Proceeds will be used for general corporate and working capital purposes.
Calgary, Alta.-based Liquidation World is a retailer.
| Issuer: | Liquidation World Inc.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$1.5 million
|
| Units: | 2,205,883
|
| Price: | C$0.68
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Three years
|
| Warrant strike price: | C$0.85
|
| Agents: | Non-brokered
|
| Settlement date: | June 7
|
| Stock symbol: | Toronto: LQW
|
| Stock price: | C$0.71 at close June 4
|
| Market capitalization: | C$11.3 million
|
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