By Sheri Kasprzak
Atlanta, March 1 - Sylogist Ltd. said it has closed a private placement of stock for C$3,654,000.
The company sold 3,045,000 shares at C$1.20 each, including 545,000 shares exercised as part of an over-allotment option.
The deal was first announced Feb. 8 as a C$3 million offering of 2.5 million shares. The underwriter, Canaccord Captial Corp., was granted an over-allotment option for 20% of the shares offered initially.
Based in Calgary, Alta., Sylogist is an information management and technology solutions company that provides services to government and industry clients. The proceeds from the offering will be used for working capital, including meeting current requirements for recently announced projects.
| Issuer: | Sylogist Ltd.
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| Issue: | Stock
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| Amount: | C$3,654,000 (includes greenshoe)
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| Shares: | 3,045,000 (includes greenshoe for 545,000)
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| Price: | C$1.20
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| Warrants: | No
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| Underwriter: | Canaccord Capital Corp.
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| Pricing date: | Feb. 8
|
| Settlement date: | March 1
|
| Stock price: | C$1.60 at close Feb. 8
|
| Stock price: | C$1.50 at close March 1
|
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