By Sheri Kasprzak
Atlanta, June 27 - Voice Mobility International, Inc. said it has closed a non-brokered private placement for C$4.1 million.
The company sold 4.1 million units at C$1.00 each.
The units are comprised of one share and one half-share warrant. The full warrants allow for the purchase of an additional share at C$1.10 each for three years.
Vancouver, B.C.-based Voice Mobility develops voice-messaging devices.
| Issuer: | Voice Mobility International, Inc.
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| Issue: | Units of one share and one half-share warrant
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| Amount: | C$4.1 million
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| Units: | 4.1 million
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| Price: | C$1.00
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | Three years
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| Warrant strike price: | C$1.10
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| Settlement date: | June 27
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| Stock price: | C$1.00 at close June 24
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