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| Home : ESI Extends $500,000 Private Placement |
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May 15
2014 |
ESI Extends $500,000 Private Placement |
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VICTORIA, BRITISH COLUMBIA--(Marketwired - May 14, 2014) - E.S.I. Environmental Sensors Inc. ("ESI" or the "Company") (TSX VENTURE:ESV) has extended the non-brokered private placement, previously announced on March 27, 2014. The placement will consist of up to 10,000,000 units ("Units") at $0.05 per Unit to raise gross proceeds of up to CAD$500,000. Each Unit will consist of one common share and one common share purchase warrant (a "Warrant"). Each Warrant will be exercisable into an additional common share for a period of three years from the closing date. The Warrants will be exercisable at a price of $0.10 for the first year following the closing of the transaction, $0.15 for the second year following closing, and $0.20 for the third year following closing. |
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| Source:http://www.marketwired.com/mw/release.do?id=1910524&sourceType=3 |
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