"On October 29, 2009, SCT announced that it had closed the previously announced financing. In total
$2,186,941 of gross proceeds were raised in this financing as consideration for the issuance of 18,224,507
units (“the Units”). The Units were sold to the public at a price of
.12 per Unit, with each Unit
consisting of one common share of SCT (“Common Share”) and one common share purchase warrant
(“Warrant”). Each Warrant is exercisable to acquire one additional Common Share at a price of
.15 per
share for 12 months from the closing date. A total commission of $165,835 was paid to registered dealers
in connection with the financing. Additionally, as part of the Agent agreement, SCT issued 474,476
Broker Warrants. Each Broker Warrant is exercisable to acquire one Common Share at a price of
.12
per share for 12 months from the closing date"
Usually the shares are subject to a 4 months hold period, so there will be 18 million shares available on the first week of March...
Lot of paper coming out soon....