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| Home : MicroPlanet Announces Closing of Private Placement |
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Apr 30
2014 |
MicroPlanet Announces Closing of Private Placement |
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SEATTLE, WASHINGTON--(Marketwired - April 30, 2014) - MicroPlanet Technology Corp. ("MicroPlanet" or the "Corporation") (TSX VENTURE:MP)(PINKSHEETS:MCTYF), a provider of smart grid and power quality technology and products, which significantly increases efficiency, quality and conservation of electricity and enables the integration of up to 95%+ penetration of alternative energy into electrical grids' low voltage networks is pleased to announce the closing of the final tranche of its previously announced non-brokered private placement. In all, the Corporation issued 50,398,310 Units at a price of $0.02 per Unit for gross proceeds of CDN$1,007,966.17. 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 $0.02 per common share. |
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| Source:http://www.marketwired.com/mw/release.do?id=1904702&sourceType=3 |
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