By Devika Patel
Knoxville, Tenn., Oct. 1 - Ranaz Corp. announced it has raised C$1.2 million in a non-brokered private placement of units.
The company sold 927,464 units of one common share and one half-share warrant, priced at C$1.30 per unit. Each warrant is exercisable at C$1.65 for two years.
The securities have a four-month hold period.
Proceeds will be used for corporate development and general working capital.
Based in Saint-Eustache, Quebec, Ranaz specializes in manufacturing and marketing protein and dietary supplements related to weight loss or obesity treatments.
| Issuer: | Ranaz Corp.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$1.2 million
|
| Units: | 927,464
|
| Price: | C$1.30
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$1.65
|
| Agent: | Non-brokered
|
| Settlement date: | Oct. 1
|
| Stock symbol: | TSX Venture: RNZ
|
| Stock price: | C$1.15 at close Oct. 1
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
