By Sheri Kasprzak
Atlanta, June 13 - Call Genie Inc. said it plans to raise up to C$2.5 million in a private placement of shares.
The offering includes up to 5 million shares at C$0.50 each. The price is a 25% premium to the company's closing stock price of C$0.38 per share on May 18, the date the company received approval from its shareholders to conduct the deal.
The company's newly appointed chief executive officer, Michael Durance, said he will participate in the offering for 320,000 shares, or C$160,000.
Based in Calgary, Alta., Call Genie provides voice-activated telephone directory services. The proceeds will be used for working capital.
| Issuer: | Call Genie Inc.
|
| Issue: | Stock
|
| Amount: | C$2.5 million (maximum)
|
| Shares: | 5 million (maximum)
|
| Price: | C$0.50
|
| Warrants: | No
|
| Pricing date: | June 10
|
| Stock price: | C$0.60 at close June 10
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
