iSee3d arranges $3-million private placement
2009-12-08 16:59 ET - News Release
Mr. Dwight Romanica reports
ISEE3D ANNOUNCES $3.3 MILLION BROKERED PRIVATE PLACEMENT
ISee3D Inc. has engaged Union Securities Ltd. to act as iSee3D's lead agent for a syndicate including Haywood Securities Inc. on a commercially reasonable-efforts basis in connection with a private placement of up to 4.4 million common shares at a rate of 75 cents per share for aggregate gross proceeds of up to $3.3-million. The agents will receive a cash commission equal to 7 per cent of the aggregate gross proceeds of the offering and a work fee of $15,000.
The shares issued pursuant to the private placement will be subject to a four-month hold period and the offering will be subject to the approval of the TSX Venture Exchange. Proceeds from the offering will be used for general working capital requirements.
We seek Safe Harbor.