Deal sells 4,171,000 units of one share, one warrant at C$0.25 apiece
By Devika Patel
Knoxville, Tenn., June 3 – Nexoptic Technology Corp. said it will conduct a C$1.04 million non-brokered private placement of units.
The company will sell 4,171,000 units of one common share and one warrant at C$0.25 per unit.
The two-year warrants will be exercisable at C$0.35, a 16.67% premium to the June 2 closing share price of C$0.30.
Proceeds will be used for general working capital purposes and funding Spectrum Optix Inc.’s operations.
Vancouver, B.C.-based Nexoptic is a technology company.
| Issuer: | Nexoptic Technology Corp.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1,042,750
|
| Units: | 4,171,000
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| Price: | C$0.25
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| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
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| Warrant strike price: | C$0.35
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| Agent: | Non-brokered
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| Pricing date: | June 3
|
| Stock symbol: | TSX Venture: NXO
|
| Stock price: | C$0.30 at close June 2
|
| Market capitalization: | C$11.82 million
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