By Laura Lutz
Washington, Feb. 15 - Feel Good Cars Corp. settled a private placement of shares for C$10 million, including an over-allotment option for about C$1 million.
The company sold 3,773,585 shares at C$2.65 each. The greenshoe included 377,345 shares.
Paradigm Capital Inc. acted as agent.
Proceeds will be used to repay short-term loans and fund the company's payment of future milestones to EEStor, Inc. as well as for product development, working capital and general corporate purposes.
Toronto-based Feel Good Cars develops zero-emission transportation solutions, including its Zenn electric car.
| Issuer: | Feel Good Cars Corp.
|
| Issue: | Shares
|
| Amount: | C$10 million
|
| Shares: | 3,773,585 (includes greenshoe for 377,345 shares)
|
| Price: | C$2.65
|
| Warrants: | No
|
| Agent: | Paradigm Capital Inc.
|
| Settlement date: | Feb. 15
|
| Stock symbol: | TSX Venture: ZNN
|
| Stock price: | C$2.79 at close Feb. 14
|
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