Company offers units of one common share and one warrant in offering
By Devika Patel
Knoxville, Tenn., July 31 – iWallet Corp. raised $1.94 million through a private placement of units on July 21, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company sold 6,479,002 units of one common share and one warrant at $0.30 per unit.
The warrants are exercisable at $0.60 for two years.
The private San Diego company offers a wallet that opens through a fingerprint security system.
Issuer: | iWallet Corp.
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Issue: | Units of one common share and one warrant
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Amount: | $1,943,701
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Units: | 6,479,002
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Price: | $0.30
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Warrants: | One warrant per unit
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Warrant expiration: | Two years
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Warrant strike price: | $0.60
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Settlement date: | July 21
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