By Laura Lutz
Des Moines, June 22 - SQI Diagnostics Inc. set pricing in its previously announced private placement of units for up to C$7 million.
The company plans to sell units of one share and one half-share warrant at C$1.60 per unit. Each whole warrant will be exercisable at C$2.40 for two years.
Research Capital Corp. will lead a syndicate of agents that also includes Kingsdale Capital Markets Inc.
Settlement is expected on June 29.
Proceeds will be used for research and development, working capital and general corporate purposes.
SQI is a Toronto-based medical systems automation company.
| Issuer: | SQI Diagnostics Inc.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$7 million
|
| Price: | C$1.60
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$2.40
|
| Agents: | Research Capital Corp. (lead), Kingsdale Capital Markets Inc.
|
| Pricing date: | June 22
|
| Settlement date: | June 29
|
| Stock symbol: | TSX Venture: SQD
|
| Stock price: | C$1.80 at close June 22
|
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