By Devika Patel
Knoxville, Tenn., Sept. 28- ISee3D Inc. announced it is proceeding with a previously announced private placement of units to raise up to C$1.2 million.
The company will sell up to 4,000,000 units at C$0.30 apiece. Each unit consists of one common share and one warrant, which is exercisable at C$0.50 for one year.
The securities have a four-month hold period.
The warrants may expire sooner if at any time after the hold period the company's common shares close above C$0.60 for fifteen consecutive trading days.
Isee3D is a video technology company based in Montreal.
| Issuer: | ISee3D Inc.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1.2 million (maximum)
|
| Units: | 4,000,000 (maximum)
|
| Price: | C$0.30
|
| Warrants: | One warrant per unit
|
| Warrant strike price: | C$0.50
|
| Warrant expiration: | One year
|
| Announcement date: | Sept. 28
|
| Stock symbol: | TSX Venture: ICT.H
|
| Stock price: | C$0.31 at close on Sept. 28
|
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