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| Home : Eguana to Issue $314,000 Flow-Through Exchangeable LP Units; Increases Size of Previously Announced Private Placement of Common Shares and Warrants |
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Jan 01
2015 |
Eguana to Issue $314,000 Flow-Through Exchangeable LP Units; Increases Size of Previously Announced Private Placement of Common Shares and Warrants |
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CALGARY, ALBERTA--(Marketwired - Dec. 31, 2014) - Eguana Technologies Inc. (TSX VENTURE:EGT) ("Eguana" or the "Company"), a leading supplier of power conversion solutions for battery based energy storage systems, announced today that it is raising $314,000 by way of a private placement (the "Private Placement") of limited partnership units ("LP Units") of its subsidiary EGT Markets Limited Partnership ("Partnership") at a price of $1,000 per LP Unit. The Company has the right to acquire the LP Units in exchange for common shares of Eguana ("Common Shares") after December 31, 2014, at an exchange ratio of 3,030 Common Shares for one LP Unit, which would result in an effective exchange price of $0.33 per Common Share. |
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| Source:http://www.marketwired.com/mw/release.do?id=1979929&sourceType=3 |
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