17:15:46 EDT Wed 01 May 2024
Enter Symbol
or Name
USA
CA



Orca Touchscreen Technologies Ltd
Symbol OAA
Shares Issued 43,348,795
Close 2015-07-21 C$ 0.25
Market Cap C$ 10,837,199
Recent Sedar Documents

Orca Touchscreen closes $269,278 tranche of placement

2015-07-29 04:24 ET - News Release

Mr. Jong Myung Choi reports

ORCA CLOSES SECOND TRANCHE OF PRIVATE PLACEMENT

Further to the news release dated July 27, 2015, announcing the closing of a private placement of 1,557,716 units for gross proceeds of $467,314.79, Orca Touchscreen Technologies Ltd. has closed the second tranche of that non-brokered private placement in the amount of 897,594 units at a price of 30 cents per unit for gross proceeds of $269,278.11 to be used for general working capital purposes.

Each unit is composed of one common share and one-half of one warrant. Each whole warrant is exercisable to purchase one additional common share of the company at an exercise price of 40 cents per share for a period of five years from the issuance date of such warrants.

The common shares and the warrants comprising the units are subject to a hold period of six months and one day from their date of issuance.

In connection with the private placement, the company will pay compensation to finders equal to 20 per cent of the proceeds for the units purchased by subscribers introduced by such finders.

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