08:28:37 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Cymat Technologies Ltd (2)
Symbol CYM
Shares Issued 14,457,179
Close 2015-04-23 C$ 0.125
Market Cap C$ 1,807,147
Recent Sedar Documents

Cymat Technologies closes $526,250 debenture placement

2015-04-24 17:45 ET - News Release

Mr. Michael Liik reports

CYMAT ANNOUNCES COMPLETION OF $526,000 CONVERTIBLE DEBENTURE AND NEW INVESTOR RELATIONS AGREEMENT

Cymat Technologies Ltd. has completed a $526,250 issuance of convertible debentures raised via a non-brokered private placement financing. The financing consists of debenture units priced at $1,000 per unit, with each unit consisting of debentures in the principal amount of $1,000 and 5,000 common share purchase warrants. The debentures bear interest at a rate of 12 per cent per annum, mature on June 30, 2017, and are convertible, at the option of the holder, into 5,000 common shares. Each warrant entitles the holder to purchase one common share at an exercise price of 25 cents until June 30, 2017. A four-month-plus-one-day hold period applies to the debentures and warrants.

Conditional approval of this financing was received from the TSX Venture Exchange on March 13, 2015, and the company has submitted the required documents for final TSX Venture Exchange approval. The financing proceeds will be used for general working capital purposes.

Cymat is also pleased to announce that it has engaged Investor Cubed Inc. to provide investor relations and shareholder communication services effective April 24, 2015. Investor Cubed will be focused on increasing investor awareness while introducing Cymat to its network of investment advisers, investment dealers, institutions and other financial professionals. In connection with the engagement, Investor Cubed has been awarded a 12-month consulting contract paying $5,000 monthly. In addition, Investor Cubed has been granted 100,000 share purchase options with an exercise price of 13 cents per share. The options will vest in quarterly tranches of 25,000, and will be governed by the provisions of the company's stock option plan and the policies of the TSX Venture Exchange.

About Investor Cubed

Investor Cubed provides specialized consulting services to a select group of leading companies, with an objective of broadening their exposure to the participants in the capital markets. Investor Cubed assists clients in gaining exposure to an established national network of financial industry professionals. This broad network includes investment advisers, bank-owned investment dealers and leading independent financial firms. In addition, Investor Cubed provides traditional investor relations services, including tailored national marketing and communications strategies.

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