By Sheri Kasprzak
Atlanta, Nov. 24 - Resverlogix Corp. said Wednesday it has wrapped up a private placement for C$7.9 million, downsized from the originally announced C$9 million offering.
The company sold 2,639,633 shares at C$3 per share.
First Associates Investments Inc. was lead agent in the deal with a syndicate that included Haywood Securities Inc., Sprott Securities Inc. and Jennings Capital Inc.
The offering was first announced Oct. 6 as a C$9 million deal.
Resverlogix, based in Calgary, Alta., is a biotechnology company focused on the development of biopharmaceuticals.
| Issuer: | Resverlogix Corp.
|
| Issue: | Stock
|
| Amount: | C$7.9 million
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| Shares: | 2,639,633
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| Price: | C$3
|
| Warrants: | No
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| Placement agent: | First Associates Investments Inc. (lead); Haywood Securities Inc.; Sprott Securities Inc.; Jennings Capital Inc.
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| Announcement date: | Oct. 6
|
| Settlement date: | Nov. 24
|
| Stock price: | C$3.65 at close Oct. 6
|
| Stock price: | C$3.35 at close Nov. 24
|
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