New Issue: Novik settles private placement of units for C$2.37 million

By Laura Lutz

Des Moines, Nov. 21 - Novik Inc. completed a C$2.37 million private placement of units with Fonds d-investissement Actions-Croissance PME Inc., Fonds Cote 100 Actions-Croissance PME and Sipar Inc.

The company sold 6,771,429 units of one share and one half-share warrant at C$0.35 per unit. Each whole warrant is exercisable at C$0.45 for two years.

Based in St.-Augustin de Desmaures, Quebec, Novik is a manufacturer of polymer exterior coverings.

Issuer:	Novik Inc.
Issue:	Units of one share and one half-share warrant
Amount:	C$2.37 million
Units:	6,771,429
Price:	C$0.35
Warrants:	One half-share warrant per unit
Warrant expiration:	Two years
Warrant strike price:	C$0.45
Settlement date:	Nov. 20
Stock symbol:	TSX Venture: NVK
Stock price:	C$0.35 at close Nov. 21

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