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| Home : Eguana Technologies Announces First Closing of $2.0 Million Private Placement |
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May 29
2014 |
Eguana Technologies Announces First Closing of $2.0 Million Private Placement |
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CALGARY, ALBERTA--(Marketwired - May 28, 2014) - Eguana Technologies Inc (TSX VENTURE:EGT), ("Eguana" or "the Company") announces that it has closed the first tranche of its previously announced non-brokered private placement of units (the "Private Placement"). Eguana has issued 2,431,875 units of the Company ("Units") at a price of $0.40 per Unit for gross proceeds of $972,750. Each Unit consists of one common share in the capital of the Company ("Common Share") and one-half of one share purchase warrant of the Company ("Warrant"), with each whole Warrant entitling the holder to purchase one Common Share at a price of $0.60 per share for 18 months from the closing date of the Private Placement. The terms of the Warrants have been amended as they are no longer subject to early termination when the 10 day VWAP closing price exceeds $0.80 per share. All securities issued pursuant to the Private Placement are subject to a four month hold period ending on September 29, 2014. |
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| Source:http://www.marketwired.com/mw/release.do?id=1914990&sourceType=3 |
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