By Sheri Kasprzak
New York, June 7 - Nightingale Informatix Corp. proposed a private placement for C$10.01 million.
The offering includes up to 7.7 million units at C$1.30 apiece.
Each unit consists of one share and one half-share warrant. The whole warrants allow for the purchase of another share at C$1.60 each for two years.
Clarus Securities Inc. is the underwriter.
The deal is scheduled to close June 20.
Proceeds will be used for working capital and general corporate purposes.
Based in Markham, Ont., Nightingale develops software used by health care providers for patient scheduling, billing, transcription, data management, claims processing and other activities.
| Issuer: | Nightingale Informatix Corp.
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| Issue: | Units of one share and one half-share warrant
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| Amount: | C$10.01 million
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| Units: | 7.7 million
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| Price: | C$1.30
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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: | C$1.60
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| Underwriter: | Clarus Securities Inc.
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| Pricing date: | June 7
|
| Settlement date: | June 20
|
| Stock symbol: | TSX Venture: NGH
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| Stock price: | C$1.45 at close June 6
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