20:21:17 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



ACT Aurora Control Technologies Corp
Symbol ACU
Shares Issued 26,636,853
Close 2014-08-28 C$ 0.37
Market Cap C$ 9,855,636
Recent Sedar Documents

ACT Aurora closes $377,400 final tranche of financing

2014-08-29 11:09 ET - News Release

Mr. Gordon Deans reports

ACT AURORA CONTROL TECHNOLOGIES CORP. CLOSES 2ND TRANCHE PRIVATE PLACEMENT

ACT Aurora Control Technologies Corp. has closed the second and final tranche of a private placement for 1.02 million units at a price of 37 cents per unit for gross proceeds of $377,400. The company distributed a total of 3,965,000 units pursuant to both tranches of the private placement, for aggregate gross proceeds of $1,467,050. Each unit consists of one common share and one-half of one share purchase warrant, with each warrant entitling the holder to purchase one additional share for a period of 18 months at a price of 50 cents per warrant share. The company will be paying a finder's fee consisting of a cash fee of 7 per cent and finder's warrants to purchase shares equal to 7 per cent of the units placed at a price of 37 cents for 18 months. All securities will be subject to a four-month hold period. All funds will be used for general working capital purposes.

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