VENDTEK Announces Private Placement

Friday 5 March 2004 17:02 CET | News

VendTek Systems is conducting a non-brokered financing to raise a gross proceeds of up to $1,000,000 through the issuance of up to 6,666,667 Units at a price of $0.15 per Unit.

Each Unit will consist of one common share and one non-transferable share purchase warrant, with each whole warrant exercisable into a further common share at a price of $0.20 per share for a period of 24 months. Proceeds of the Offering will be used for working capital and business development initiatives. This private placement is subject to the approval of the TSX Venture Exchange.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce