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Intema Solutions Inc Announces Extension to Proposed $600,000 Private Placement


Friday, 1 Feb 2013 08:26am EST 

Intema Solutions Inc announced that Intema has extended until March 1, 2013 the period for its proposed non-brokered private placement of up to 12,000,000 units at a price of $0.05 per unit for gross proceeds of up to $600,000 (the Private Placement). A first tranche of 6,540,000 units was completed on November 13, 2012. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle its holder to subscribe for one common share during a period of two years, at a price of $0.10 the first year after the date of closing of the Private Placement and at a price of $0.15 for the second year. The securities issued under the Private Placement will be subject to a four- month hold period from the date of closing. Intema issued, by way of private placement, unsecured debenture of $90,000 to an accredited investor residing in Quebec. The debenture bear interest at the rate of 6% per annum, payable monthly in arrears, and will mature December 17, 2013. The principal amount of the debenture is convertible into Intema common shares at any time at the option of the holder at a conversion price of $0.10 per share until maturity. The debenture is accompanied by 900,000 common share purchase warrants, entitling the holder to acquire one additional common share of Intema at an exercise price of $0.12until December 17, 2014. 

Company Quote

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11 Jul 2014