Financing Closed - 12 InvestorsZecotek 5,966,944-share private placement 2013-09-04 16:15 ET - Private Placement
The TSX Venture Exchange has accepted for expedited filing documentation with respect to a non-brokered private placement for Zecotek Photonics Inc. announced Aug. 20, 2013, and Aug. 23, 2013:
Number of shares: 5,966,944 shares
Purchase price: 58 cents per share
Warrants: 2,983,472 share purchase warrants to purchase 2,983,472 shares
Warrant exercise price: 75 cents for a two-year period; if the closing price of the company's shares is equal to or greater than $1.25 for a period of 10 consecutive trading days, the warrants will expire on the date that is 30 days after the trading target is met
Placees: 12
Finders' fees: $179,452 and 309,400 finder's warrants payable to Aran Asset Management SA; $5,123.96 and 8,834 finder's warrants payable to AlphaEdge Inc.; $24,502.10 and 42,245 finder's warrants payable to Valerie Atwater; $6,090 and 10,500 finder's warrants payable to Haywood Securities Ltd.; $4,872 and 8,400 finder's warrants payable to Rene Hauesler; $13,999.94 and 24,137 finder's warrants payable to Alpha North Asset Management