By Susanna Moon
Chicago, July 10 - HealthPricer Interactive said it closed an upsized private placement of units for C$1.5 million.
HealthPricer sold 7.5 million units at C$0.20 each, up from the 5 million units announced June 22.
Each unit comprises one share and one warrant, with each warrant exercisable at C$0.25 per share until July 6, 2009.
Expiry of the warrants can be cut to 30 calendar days if the share price is C$0.60 or more for 10 consecutive trading days.
Proceeds will be used for working capital, marketing and business development.
The placement was non-brokered.
HealthPricer is an online comparison shopping guide for consumer health care products and is based in Vancouver, B.C.
Issuer HealthPricer Interactive
| Issue: | Units of one share and one warrant
|
| Amount: | C$1.5 million
|
| Units: | 7.5 million
|
| Price: | C$0.20
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | July 6, 2009
|
| Warrant strike price: | C$0.25
|
| Agent: | Non-brokered
|
| Announcement date: | June 22
|
| Settlement date: | July 9
|
| Stock symbol: | TSX Venture: HPC
|
| Stock price: | C$0.20 at close June 21
|
| Stock price: | C$0.195 at close July 6
|
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