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Eguana Technologies Inc confirms final closing of C$1.75 million equity private placement


Wednesday, 18 Dec 2013 06:37pm EST 

Eguana Technologies Inc:Confirms that it has completed its previously announced private placement of LP Units and Common Shares for gross proceeds of C$1,750,500.Says its subsidiary, EGT Markets Limited Partnership (Partnership), has issued 1,200.5 C$1,000 limited partnership units (LP Units).Says ut has issued 1,375,000 Common Shares at a price of $0.40 per share. Says it paid finders' fees totaling C$105,385, and issued a total of 241,967 broker warrants, exercisable for a period of one year from the date of closing, at an exercise price of C$0.45 per share.Says the net proceeds of the issue will be used to increase Eguana's engineering support capacity; to secure additional production equipment for a manufacturing facility in Bavaria; and to increase working capital reserves. 

Company Quote

0.33
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18 Dec 2014