11:33:21 EDT Fri 29 Mar 2024
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Nanotech Security 6,772,151-share private placement

2014-09-30 20:08 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Aug. 26, 2014.

Number of shares:  6,772,151 shares

Purchase price:  $1.50 per share

Warrants:  3,386,075 share purchase warrants to purchase 3,386,075 shares

Warrant exercise price:  $1.90 for a one-year period, subject to an acceleration clause

Number of placees:  88 placees

Insiders:  Rene Carrier, 15,000; Bozena Kaminski, 70,000; Douglas Blakeway, 33,000; Bernard Zinkhofer Law Corp. (Bernard Zinkhofer), 15,000; Troy Bullock, 10,000

Total pro group involvement:  302,500 (nine placees)

Finders' fees:  Canaccord Genuity Corp., $389,025.63 cash and 168,578 work fee warrants payable; Craig-Hallum Capital Group LLC, 90,772 work fee warrants payable (Each work fee warrant is exercisable into one unit at $1.50 until Sept. 12, 2015. Each unit has the same terms as the offering.); Mackie Research Capital Corp., $49,423.50 cash payable

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