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EDMONTON, ALBERTA--(Marketwire - Aug. 27, 2012) - Synodon Inc. ("Synodon") (TSX VENTURE:SYD), a developer of advanced remote sensing technologies is pleased to announce the completion of the first tranche of its previously announced private placement of units (the "Units") at a price of $0.10 per Unit, for aggregate gross proceeds of $1,449,303.10. The Units are comprised of one Class A common share (a "Share") and one Share purchase warrant. Each warrant (a "Warrant") entitles the holder to purchase one Share of the Corporation at an exercise price of $0.15 per Share until August 24, 2013. |
