By Devika Patel
Knoxville, Tenn., March 19 - VIQ Solutions Inc. priced a C$1.6 million non-brokered private placement of units.
The company will sell 5,333,333 units of one common share and one half-share warrant at C$0.30 apiece. Each whole warrant will be exercisable at C$0.45 for two years.
Proceeds will be used to pay down existing debt and for general working capital purposes.
Based in Toronto, VIQ is digital audio company.
Issuer: | VIQ Solutions Inc.
|
Issue: | Units of one common share and one half-share warrant
|
Amount: | C$1.6 million
|
Units: | 5,333,333
|
Price: | C$0.30
|
Warrants: | One half-share warrant per unit
|
Warrant expiration: | Two years
|
Warrant strike price: | C$0.45
|
Agent: | Non-brokered
|
Pricing date: | March 19
|
Stock symbol: | TSX Venture: VQS
|
Stock price: | C$0.36 at close March 18
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.