By Sheri Kasprzak
New York, April 13 - ZTest Electronics Inc. said it priced a C$1.44 million private placement of 9 million units at C$0.16 each.
The units are comprised of one share and one half-share warrant. The whole warrants are exercisable at C$0.24 each for two years.
The deal is non-brokered.
The proceeds will be used for acquisitions and working capital.
Separately, ZTest said William Brown and Cal Haverstock have resigned as directors.
Based in North York, Ont., ZTest manufactures print circuit boards and other products used in electronics.
| Issuer: | ZTest Electronics Inc.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$1.44 million
|
| Units: | 9 million
|
| Price: | C$0.16
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.24 per whole warrant
|
| Placement agent: | Non-brokered
|
| Pricing date: | April 13
|
| Stock symbol: | TSX Venture: ZTE
|
| Stock price: | C$0.15 at close April 13
|
|
|
© 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.
