By Sheri Kasprzak
Atlanta, Nov. 18 - Chartwell Technology Inc. said Thursday it has sold C$10 million in a private placement.
The offering consists of 2,150,538 common shares at C$4.65 per share.
Underwriter Clarus Securities Inc. has the option to increase the offering by up to C$1 million any time before closing.
The deal is expected to close Dec. 7.
Chartwell is a Vancouver, B.C.-based company that manufactures internet gaming software. The company will use the proceeds from the private placement for general corporate purposes.
| Issuer: | Chartwell Technology Inc.
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| Issue: | Stock
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| Amount: | C$10 million
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| Greenshoe: | C$1 million
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| Shares: | 2,150,538
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| Price: | C$4.65
|
| Warrants: | No
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| Underwriter: | Clarus Securities Inc.
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| Announcement date: | Nov. 18
|
| Settlement date: | Dec. 7
|
| Stock price: | C$5.35 at close Nov. 18
|
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