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Wi2Wi Corp Announces Pricing Of Private Placement Offering


Monday, 18 Nov 2013 06:04pm EST 

Wi2Wi Corp announced that it has priced the fully marketed private placement offering previously announced on November 7, 2013, (the "Offering"). The Offering will be made on a best efforts fully marketed private placement basis for total gross proceeds of up to CAD4,000,000. Each Unit shall be comprised of one common share priced at $0.20 and one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each whole Warrant shall entitle the holder thereof to acquire one common share of the Company at a exercise price of $0.25 for a period of 24 months following the closing of the Offering. The Offering is being led by Paradigm Capital Inc. who is also acting as sole book-runner on behalf of a syndicate including Byron Capital Markets Ltd. and M Partners Inc. (collectively, the "Agents"). In addition, the Company has granted the Agents (as defined below) an option (the "Agents' Option") exercisable in whole or in part to increase the size of the Offering by up to 15% of the base offering size, which Agents' Option shall be exercisable, by notice in writing to Wi2Wi, until the 30th day following the Closing. If the Agents' Option is exercised in full, the total gross proceeds of the Private Placement to Wi2Wi will be $4,600,000. The closing of the Offering ("Closing") is expected to occur on or about December 4, 2013. The net proceeds of the private placement will be used for general corporate and working capital purposes. 

Company Quote

0.14
0.01 +7.69%
19 Dec 2014