By Laura Lutz
Des Moines, April 26 - Lorian Capital Corp. plans to conduct a private placement of units for C$1.5 million.
The company intends to sell units of one share and one half-share warrant at C$0.155 per unit. Each whole warrant will be exercisable at C$0.25 for two years.
Investpro Securities Inc. will act as agent.
Proceeds will be used for working capital.
Lorian, a Toronto-based capital pool company, is in the process of acquiring Medworxx Inc., a Toronto-based software company.
| Issuer: | Lorian Capital Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$1.5 million
|
| Price: | C$0.155
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.25
|
| Agent: | Investpro Securities Inc.
|
| Pricing date: | April 26
|
| Stock symbol: | TSX Venture: LRN.P
|
| Stock price: | C$0.135 at close April 26
|
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