By Devika Patel
Knoxville, Tenn., Dec. 18 - Valucap Investments Inc. said it completed the first tranche of a C$1.5 million private placement of units, raising C$580,000.
The company is selling 15 million units of one common share and one warrant at C$0.10 per unit. It sold 5.8 million units in this tranche.
Each one-year warrant will be exercisable at C$0.15.
Valucap is a Toronto company that is looking for business opportunities.
| Issuer: | Valucap Investments Inc.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1.5 million
|
| Units: | 15 million
|
| Price: | C$0.10
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.15
|
| Settlement date: | Dec. 18 (for C$580,000)
|
| Stock symbol: | TSX Venture: V
|
| Stock price: | C$0.085 at close Dec. 17
|
| Market capitalization: | C$1.52 million
|
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