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Northstar Healthcare Inc signs agreement with PI Financial to raise up to $5,000,000 through brokered private placement


Wednesday, 4 Dec 2013 08:11pm EST 

Northstar Healthcare Inc:Says that it has entered an agreement with PI Financial to act as its agent to complete a brokered private placement of up to 6,250,000 units at a price of $0.80 per unit, for gross proceeds of up to $5,000,000.Says each unit will consist of one common share and one-half of one common share purchase warrant with each whole warrant entitling the holder thereof to purchase one additional common share at $1.10 for 24 months from the closing date.Says in addition, the company has agreed to grant the agent an over-allotment option to acquire up to an additional 937,500 units at any time up to the closing of the private placement.Says the proceeds of the Private Placement will be used for general working capital purposes. 

Company Quote

1.4
0.02 +1.45%
17 Sep 2014