By Sheri Kasprzak
New York, Dec. 22 - Neutron Enterprises, Inc. sealed a $3.1 million tranche of its ongoing $8 million private placement, bringing the total proceeds raised so far to $4.3 million.
The company most recently issued 1.55 million units at $2.00 apiece. In total, the company has sold 2.15 million units.
The units consist of one share and one half-share warrant with each whole warrant exercisable at $2.50 for two years.
The company plans to sell a total of 4 million units in the offering for total proceeds of $8 million. The offering is ongoing.
Based in Montreal, Neutron develops automatic point-of-sale technologies.
| Issuer: | Neutron Enterprises, Inc.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | $8 million
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| Units: | 4 million
|
| Price: | $2.00
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
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| Warrant strike price: | $2.50
|
| Settlement date: | Dec. 22 (for $4.3 million)
|
| Stock symbol: | OTCBB: NTRN
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| Stock price: | $2.22 at close Dec. 22
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