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Provider: Reuters Investment Profile

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Essex Angel Capital Inc Announces Private Placement of Units

Wednesday, 17 Apr 2013 12:47pm EDT 

Essex Angel Capital Inc announced that it has received subscriptions for 3,000,000 Units for gross proceeds of $150,000 (the Private Placement). The Private Placement is scheduled to close forthwith after receipt of the approval from the TSX Venture Exchange (the TSXV). Each Unit is comprised of one common share in the capital of the Corporation (a Common Share) and one Common Share purchase warrant (a Warrant). Each Warrant entitles the holder thereof to purchase one Common Share (a Warrant Share) at a price of $0.10 per share for a period of 18 months from the issuance date thereof. The Common Shares and, upon the exercise of the Warrants, the Warrant Shares will be subject to a four month hold period in accordance with applicable Canadian securities laws. 

Company Quote

16 Jan 2015