By Laura Lutz
Des Moines, Sept. 21 - Route1 Inc. settled its previously announced private placement of units for C$5,224,769.44.
The company sold 65,309,618 units of one share and one warrant for C$0.08 apiece. Each whole warrant is exercisable at C$0.10 for two years.
Westwind Partners Inc. acted as agent.
The deal was announced on Sept. 1 as an offering of at least C$4.2 million and up to C$6 million.
Toronto-based Route1 develops identity-management systems for remote computing.
| Issuer: | Route1, Inc.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$5,224,769.44
|
| Units: | 65,309,618
|
| Price: | C$0.08
|
| Warrants: | One per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.10
|
| Agent: | Westwind Partners Inc.
|
| Pricing date: | Sept. 1
|
| Settlement date: | Sept. 21
|
| Stock symbol: | TSX Venture: ROI
|
| Stock price: | C$0.09 at close on Sept. 20
|
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