By Laura Lutz
Des Moines, May 2 - Zaio Corp. negotiated a private placement of shares for C$12 million.
The company plans to sell 4 million shares at C$3.00 each through underwriter Clarus Securities Inc.
Proceeds will be used to accelerate the company's photography and data-gathering operations as well as for working capital and general corporate purposes.
Settlement is expected on May 17.
Based in Calgary, Alta., Zaio maintains a database of property information.
Issuer: | Zaio Corp.
|
Issue: | Shares
|
Amount: | C$12 million
|
Shares: | 4 million
|
Price: | C$3.00
|
Warrants: | No
|
Underwriter: | Clarus Securities Inc.
|
Pricing date: | May 2
|
Settlement date: | May 17
|
Stock symbol: | TSX Venture: ZAO
|
Stock price: | C$3.32 at close May 1
|
© 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.