By Devika Patel
Knoxville, Tenn., Jan. 13 - Valucap Investments Inc. said it has negotiated a C$2 million private placement of units with agent Harris Brown & Partners Ltd.
The company will sell 20 million units of one common share and one warrant at C$0.10 per unit.
Each warrant will be exercisable at C$0.16 for 18 months.
Settlement is expected Feb. 8.
Proceeds will be used to finance Valucap's business of acquiring interests in companies and for working capital.
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$2 million
|
| Units: | 20 million
|
| Price: | C$0.10
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.16
|
| Agent: | Harris Brown & Partners Ltd.
|
| Pricing date: | Jan. 13
|
| Settlement date: | Feb. 8
|
| Stock symbol: | TSX Venture: V
|
| Stock price: | C$0.095 at close Jan. 13
|
| Market capitalization: | C$1.69 million
|
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