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| Home : MicroPlanet Announces Closing of First Tranche of Private Placement |
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Nov 06
2013 |
MicroPlanet Announces Closing of First Tranche of Private Placement |
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SEATTLE, WASHINGTON--(Marketwired - Nov. 6, 2013) - MicroPlanet Technology Corp. ("MicroPlanet" or the "Corporation") (TSX VENTURE:MP)(PINKSHEETS:MCTYF) a provider of smart grid and power quality technology and products, which significant increases efficiency, quality and conservation of electricity and enables the integration of alternative energy into the power grids is pleased to announce the closing of the first tranche of its previously announced non-brokered private placement. The Corporation issued 4,995,673 Units at a price of $0.05 per Unit for gross proceeds of CDN$249,783.71. Each Unit was comprised of one common share in the capital of the Corporation and one common share purchase warrant. Each warrant entitles the holder to acquire one common share in the capital of the Corporation at any time until the date that is 36 months following the closing date upon payment of the exercise price of $0.05 per common share. |
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| Source:http://www.marketwired.com/mw/release.do?id=1848948&sourceType=3 |
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