01:21:00 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Nanostruck Technologies Inc
Symbol NSK
Shares Issued 85,052,508
Close 2014-08-21 C$ 0.06
Market Cap C$ 5,103,150
Recent Sedar Documents

Nanostruck closes placement tranches for $210,000

2014-08-22 20:46 ET - News Release

Mr. Bundeep Rangar reports

NANOSTRUCK COMPLETES FURTHER PRIVATE PLACEMENT FINANCING

Nanostruck Technologies Inc. has completed interim second and third tranches of a non-brokered private placement in the amount of $210,000.

Pursuant to the private placement, Nanostruck issued 2,625,000 units at a price of eight cents per unit. Each unit sold in the private placement consists of one common share and one common share purchase warrant. The shares, warrants and warrant shares underlying the units are subject to a four-month-and-a-day hold period. Each warrant is exercisable at 13 cents per share on or before 36 months from the closing date.

All shares issued pursuant to the private placement are subject to a four-month hold period.

The net proceeds of the private placement will be used by Nanostruck for general corporate purposes and working capital. A total of 94,658,046 common shares of the company are now issued and outstanding.

"The funds provided by this private placement will enable Nanostruck to carry out significant activities planned for the remainder of 2014 to the benefit of its shareholders," said Bundeep Singh Rangar, interim chief executive officer of Nanostruck.

We seek Safe Harbor.

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