By Sheri Kasprzak
New York, Nov. 9 - Neutron Enterprises, Inc. wrapped a private placement for $1.2 million.
The company issued 600,000 units of one share and one half-share warrant.
The whole warrants in the offering are exercisable at $2.50 each for two years.
The offering is part of a larger proposed deal for up to $8 million. The non-brokered deal is still ongoing.
Neutron, based in Mississauga, Ont., develops point-of-sale and digital media technologies.
Issuer: | Neutron Enterprises, Inc.
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Issue: | Units of one share and one half-share warrant
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Amount: | $1.2 million
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Units: | 600,000
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Price: | $2.00
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Warrants: | One half-share warrant per unit
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Warrant expiration: | Two years
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Warrant strike price: | $2.50
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Agent: | Non-brokered
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Settlement date: | Nov. 1
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Stock symbol: | OTCBB: NTRN
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Stock price: | $2.33 at close Nov. 1
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