Essex Angel Capital Inc: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Essex Angel Capital Inc Announces Private Placement Of Up To $1,000,000
Essex Angel Capital Inc announced a non-brokered private placement of up to 12,500,000 common shares in the capital of the Corporation at a price of $0.08 per share for gross proceeds of up to $1,000,000. The Common Shares will be subject to a four month hold period in accordance with applicable Canadian securities laws. The Private Placement is subject to the approval of the TSX Venture Exchange. The net proceeds of the Private Placement will be used to identify, evaluate and fund investments and for working capital and general corporate purposes. The Corporation may issue such number of compensation warrants equal up to 10% of the total number of Common Shares issued under the Private Placement and pay finder's fees of up to 10% of the gross proceeds. The Private Placement is scheduled to close on or about June 20, 2012.
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