By Laura Lutz
Des Moines, June 5 - Luxell Technologies Inc. intends to raise at least C$1 million from a private placement of shares.
The company plans to sell common shares at C$0.12 each.
Kingsmill Capital Partners Inc., the agent, has a greenshoe for up to 20%.
Kingsmill also has right of first refusal to facilitate a larger financing for up to C$5 million in the next fiscal year.
Proceeds will be used for working capital.
Luxell is a Toronto-based manufacturer of flat panel displays.
| Issuer: | Luxell Technologies Inc.
|
| Issue: | Shares
|
| Amount: | C$1 million
|
| Greenshoe: | For 20% of deal size
|
| Price: | C$0.12
|
| Warrants: | No
|
| Agent: | Kingsmill Capital Partners Inc.
|
| Pricing date: | June 5
|
| Stock symbol: | Toronto: LUX
|
| Stock price: | C$0.11 at close June 5
|
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