By Devika Patel
Knoxville, Tenn., Sept. 17 - Ranaz Corp. said it settled a C$1.8 million private placement of units.
The company sold 3 million units at C$0.60 apiece. Each unit consists of one share and one warrant. Each warrant will be exercisable at C$0.75 for two years.
Proceeds will be used to increase the nutritional bar production capacity at BarTech.
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 share and one warrant
|
| Amount: | C$1.8 million
|
| Units: | 3 million
|
| Price: | C$0.60
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.75
|
| Settlement date: | Sept. 17
|
| Stock symbol: | TSX Venture: RNZ
|
| Stock price: | C$0.61 at close Sept. 17
|
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