By Laura Lutz
Washington, Feb. 2 - California Nanotechnologies Corp., formerly Veritek Technologies Inc., completed a private placement of units for C$1,137,500.
The company sold 4.55 million units of one share and one half-share non-transferable warrant at C$0.25 per unit. Each whole warrant is exercisable at C$0.45 for 18 months.
The placement was conducted concurrently with the company's acquisition of California Nanotechnologies, Inc.
California Nanotechnologies is a nanotechnology company with headquarters in Calgary, Alta. Before the acquisition, the company - then Veritek - was a capital pool company.
| Issuer: | California Nanotechnologies Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$1,137,500
|
| Units: | 4.55 million
|
| Price: | C$0.25
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.45
|
| Settlement date: | Feb. 1
|
| Stock symbol: | TSX Venture: VTK.P
|
| Stock price: | C$0.20 at close Feb. 1
|
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