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Empower Technologies Corp Arranges $300,000 Private Placement-Canada Stockwatch News

Wednesday, 16 Jan 2013 11:38am EST 

Canada Stockwatch News reported that Empower Technologies Corp. is proceeding with a non-brokered private placement of units to raise up to $300,000. The offering is not subject to any minimum and is to be of up to six million units at five cents per unit, with each unit consisting of one share and one-half warrant. Each whole warrant is exercisable into one common share for a period of one year at 10 cents per share. The warrants will be non-transferable. The proceeds of the offering will be used to finance the ramping up of the operations and purchase order(s) of the newly formed wholly owned subsidiary, Empower Defense Systems Inc. (EDS), and for general working capital. 

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