Non-brokered deal sells units with half-share warrants at C$0.25 each
By Devika Patel
Knoxville, Tenn., July 1 – Versus Systems Inc. said on Thursday that it completed a C$5.04 million non-brokered private placement of units.
The company sold 20.16 million units of one common share and one half-share warrant at C$0.25 per unit. The two-year warrants are each exercisable at C$0.40, a 53.85% premium to the June 30 closing share price of C$0.36.
Based in Los Angeles, Versus, formerly Opal Energy Corp., is developing technology that allows video game publishers and developers to offer real-money and prize-based matches and tournaments.
| Issuer: | Versus Systems Inc.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$5.04 million
|
| Units: | 20.16 million
|
| Price: | C$0.25
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.40
|
| Agent: | Non-brokered
|
| Pricing date: | June 30
|
| Stock symbol: | CSE: OPA
|
| Stock price: | C$0.26 at close June 30
|
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