By Laura Lutz
Des Moines, Sept. 7 - Nstein Technologies Inc. plans to conduct a private placement of units for up to C$3 million.
The placement will consist of units at C$0.85 each.
Gesca Digital Investments Ltd., a subsidiary of Gesca Ltd., has agreed to invest C$2 million.
Insiders of Nstein also plan to buy 366,647 units.
Each unit consists of one common share, one half-share A-tranche warrant and one half-share B-tranche warrant.
Each whole A-tranche warrant is exercisable at C$1.50 for three years, and each whole B-tranche warrant is exercisable at C$2.00 for three years.
Settlement is expected within 15 days.
Proceeds will be used for marketing.
Montreal-based Nstein develops content-management software for the media, publishing and entertainment industries.
| Issuer: | Nstein Technologies Inc.
|
| Issue: | Units of one share, one half-share A-tranche warrant and one half-share B-tranche warrant
|
| Amount: | C$3 million
|
| Price: | C$0.85
|
| Warrants: | One half-share A-tranche warrant and one half-share B-tranche warrant
|
| Warrant expiration: | Three years
|
| Warrant strike price: | C$1.50 for A-tranche; C$2.00 for B-tranche
|
| Investor: | Gesca Digital Investments Ltd. (for C$2 million)
|
| Pricing date: | Sept. 7
|
| Stock symbol: | TSX Venture: EIN
|
| Stock price: | C$1.12 at close Sept. 7
|
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