Lingo Media five-million-share private placement
2015-04-22 18:29 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced April 17, 2015.
Number of shares: Five million shares
Purchase price: 10 cents per share
Warrants: Five million share purchase warrants to purchase five million shares
Warrant exercise price: 12.5 cents for a one-year period
Number of placees: 21 placees
Insider: New Court Corp. (Jerry Grafstein), 400,000
Total pro group involvement: 100,000 (one placee)
Note that in certain circumstances, the exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
For further details, please refer to the company's news release dated April 17, 2015.
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