By Sheri Kasprzak
New York, Feb. 24 - Consolidated Ecoprogress Technology Inc. said it has arranged a non-brokered private placement for up to C$3.3 million.
The company will sell up to 33 million units of one share and one warrant. The warrants are exercisable at C$0.19 each for one year.
Proceeds will be used for future acquisitions and working capital.
Consolidated Ecoprogress, based in Vancouver, B.C., manufactures biodegradable feminine hygiene products.
| Issuer: | Consolidated Ecoprogress Technology Inc.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$3.3 million (maximum)
|
| Units: | 33 million (maximum)
|
| Price: | C$0.10
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.19
|
| Placement agent: | Non-brokered
|
| Pricing date: | Feb. 24
|
| Stock symbol: | TSX Venture: CES
|
| Stock price: | C$0.115 at close Feb. 24
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
