By Devika Patel
Knoxville, Tenn., April 18 - Neo Material Technologies Inc. said it has arranged a private placement of stock to raise C$10 million.
The company will sell 2,375,297 shares at C$4.21 each to CEF (Capital Markets) Ltd.
Settlement is expected April 30.
Based in Toronto, Neo Material Technologies is a producer, processor and developer of neodymium-ironboron powders, rare earths and zirconium-based engineered materials.
| Issuer: | Neo Material Technologies Inc.
|
| Issue: | Shares
|
| Amount: | C$10 million
|
| Shares: | 2,375,297
|
| Price: | C$4.21
|
| Warrants: | No
|
| Investor: | CEF (Capital Markets) Ltd.
|
| Pricing date: | April 18
|
| Settlement date: | April 30
|
| Stock symbol: | Toronto: NEM
|
| Stock price: | C$4.58 at close April 17
|
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