By Sheri Kasprzak
New York, Sept. 16 - Newlook Industries Corp. said it plans to raise up to C$1 million in a private placement.
The non-brokered offering includes up to 2 million units at C$0.50 each.
The units are comprised of one share and one half-share warrant. The whole warrants allow for the purchase of another share at C$0.75 each for one year.
Based in Toronto, Newlook is a voice-over-internet protocol service provider.
| Issuer: | Newlook Industries Corp.
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| Issue: | Units of one share and one half-share warrant
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| Amount: | C$1 million (maximum)
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| Units: | 2 million (maximum)
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| Price: | C$0.50
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | One year
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| Warrant strike price: | C$0.75
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| Pricing date: | Sept. 15
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| Stock price: | C$0.46 at close Sept. 15
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