By Sheri Kasprzak
New York, Nov. 9 - Neutron Enterprises, Inc. wrapped a private placement for $1.2 million.
The company issued 600,000 units of one share and one half-share warrant.
The whole warrants in the offering are exercisable at $2.50 each for two years.
The offering is part of a larger proposed deal for up to $8 million. The non-brokered deal is still ongoing.
Neutron, based in Mississauga, Ont., develops point-of-sale and digital media technologies.
| Issuer: | Neutron Enterprises, Inc.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | $1.2 million
|
| Units: | 600,000
|
| Price: | $2.00
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | $2.50
|
| Agent: | Non-brokered
|
| Settlement date: | Nov. 1
|
| Stock symbol: | OTCBB: NTRN
|
| Stock price: | $2.33 at close Nov. 1
|
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