By Laura Lutz
Des Moines, Nov. 17 - Longview Capital Partners Inc. arranged a non-brokered private placement for up to C$1.995 million, on the same terms as its placement announced on Nov. 7, in response to demand from New York-based institutional investors.
The new offering includes up to 2.85 million units at C$0.70 each.
Each unit consists of one share and one half-share warrant with each whole warrant exercisable at C$1.00 for 18 months.
Proceeds from the non-brokered deal will be used for investment plans.
The earlier placement included 15 million units for proceeds of C$10.5 million.
Located in Vancouver, B.C., Longview is an investment company.
| Issuer: | Longview Capital Partners Inc.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$1.995 million
|
| Units: | 2.85 million
|
| Price: | C$0.70
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$1.00
|
| Placement agent: | Non-brokered
|
| Pricing date: | Nov. 16
|
| Stock symbol: | TSX Venture: LV
|
| Stock price: | C$0.90 at close Nov. 16
|
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