Company sells 4,037,500 common shares at C$0.40 per share through deal
By Devika Patel
Knoxville, Tenn., May 11 – Eyecarrot Innovations Corp. said it settled a C$1.62 million fully subscribed private placement of stock. The deal priced for C$1.6 million on May 5.
The company sold 4,037,500 common shares at C$0.40 apiece, a 20% discount to the May 4 closing share price of C$0.50.
Proceeds will be used to further the company's business plan.
Based in Vancouver, B.C., Eyecarrot's mission is to enable vision care practitioners with IT Solutions to measure and enhance oculomotor sensory performance.
| Issuer: | Eyecarrot Innovations Corp.
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| Issue: | Common shares
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| Amount: | C$1,615,000
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| Shares: | 4,037,500
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| Price: | C$0.40
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| Warrants: | No
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| Pricing date: | May 5
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| Settlement date: | May 11
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| Stock symbol: | TSX Venture: EYC
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| Stock price: | C$0.50 at close May 4
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| Market capitalization: | C$11.21 million
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