Tarquin Group announces C$5 million private placement of units

By Laura Lutz

Des Moines, April 19 - Tarquin Group Inc. plans to conduct a private placement of units for C$5 million.

The company plans to sell units of one share and one half-share warrant. Pricing of the warrants and units is expected on May 7.

A syndicate led by Blackmont Capital Inc. and including Paradigm Capital Inc. will act as agents.

Settlement is expected on May 22.

Proceeds will be used for potential acquisitions and general corporate purposes.

Ottawa-based Tarquin Group is an industrial technology company. Its stock closed down 1 cent, or 2.17%, at C$0.45 on Thursday (TSX Venture: TQN).

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