By Sheri Kasprzak
Atlanta, Oct. 29 - Mosaid Technologies Inc. received C$14 million in a private placement, the company said Friday.
The company sold 800,000 shares at C$17.50 each to an Ontario pension fund.
Harris Partners Ltd. acted as financial adviser in the deal.
Mosaid is an Ottawa, Ont.-based intellectual property development and licensing company. It plans to use the proceeds from the financing for general corporate purposes.
| Issuer: | Mosaid Technologies Inc.
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| Issue: | Stock
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| Amount: | C$14 million
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| Shares: | 800,000
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| Price: | C$17.50
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| Warrants: | No
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| Financial adviser: | Harris Partners Ltd.
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| Settlement date: | Oct. 29
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| Stock price: | C$19.70 at close Oct. 29
|
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