By Sheri Kasprzak
New York, Sept. 8 - Noveko International Inc. pocketed another C$600,000 from a private placement, bringing the total placement size to C$2.7 million.
The company most recently sold 1.2 million units of one share and one fifth-share warrant. Each whole warrant is exercisable at C$1.00 for two years.
The first tranche of the deal, for 4 million units, was closed April 28. The second tranche, for C$100,000, closed on June 9.
Montreal-based Noveko designs ultrasound scanners used in veterinary medicine and animal breeding, as well as human medicine.
| Issuer: | Noveko International Inc.
|
| Issue: | Units of one share and one fifth-share warrant
|
| Amount: | C$600,000
|
| Units: | 1.2 million
|
| Price: | C$0.50
|
| Warrants: | One fifth-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$1.00
|
| Settlement date: | Sept. 8 (for third tranche)
|
| Stock symbol: | TSX Venture: EKO
|
| Stock price: | C$0.65 at close Sept. 8
|
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