By Sheri Kasprzak
New York, Oct. 13 - Nstein Technologies Inc. said it has priced a C$5 million private placement.
The company plans to sell 35,714,285 shares at C$0.14 each.
The investors to the offering will also receive warrants for up to 14.3 million shares, exercisable at C$0.18 each for five years.
On Wednesday, Nstein completed a private placement of $5.1 million in zero-coupon convertible notes for proceeds of $4.1 million.
Based in Montreal, Nstein develops software to analyze unstructured data in almost every language.
| Issuer: | Nstein Technologies Inc.
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| Issue: | Stock
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| Amount: | C$5 million
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| Shares: | 35,714,285
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| Price: | C$0.14
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| Warrants: | For up to 14.3 million shares
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| Warrant expiration: | Five years
|
| Warrant strike price: | C$0.18
|
| Pricing date: | Oct. 13
|
| Stock price: | C$0.17 at close Oct. 12
|
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