Non-brokered deal raises funds for general working capital purposes
By Devika Patel
Knoxville, Tenn., Nov. 23 - VIQ Solutions Inc. said it plans a non-brokered private placement of units.
The company will sell 10 million units at C$0.50 apiece for C$5 million. Each unit will consist of one common share and one warrant, with each warrant exercisable at C$0.65 for one year. The strike price is a 30% premium to the Nov. 22 closing share price of C$0.50.
Proceeds will be used 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 warrant
|
| Amount: | C$5 million
|
| Units: | 10 million
|
| Price: | C$0.50
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.65
|
| Agent: | Non-brokered
|
| Pricing date: | Nov. 23
|
| Stock symbol: | TSX Venture: VQS
|
| Stock price: | C$0.47 at close Nov. 23
|
| Market capitalization: | C$39.61 million |
|
© 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.
