Home : Eguana Technologies Announces $2.0 Million Private Placement to Expand Engineering and Operational Capacity to Execute on Growing Sales Pipeline
Eguana Technologies Announces $2.0 Million Private Placement to Expand Engineering and Operational Capacity to Execute on Growing Sales Pipeline
CALGARY, ALBERTA--(Marketwired - May 5, 2014) - Eguana Technologies Inc (TSX VENTURE:EGT), ("Eguana" or the Company") a leading manufacturer of high performance power electronics solutions for "smart-grid" and "micro-grid" energy storage systems announced today that it intends to raise $2.0 million by way of a private placement of 5 million Units at $0.40 per Unit. Each Unit will be comprised of one common share and 1/2 common share purchase warrant exercisable at a price of $0.60 per share for a period of 18 months subject to early termination when the 10 day VWAP closing price exceeds $0.80 per share.
