TSXV:WEE.H - Post by User
Comment by
luvplaneson Feb 01, 2006 11:07am
157 Views
Post# 10273467
RE: December financing - $1.35
RE: December financing - $1.35Correction, the PP is set at 1.35 and not 1.65.
FYI
EDMONTON, Dec. 22 /CNW/ - Wavefront Energy and Environmental Services Inc., a provider and licensor of its proprietary DeepWave(SM) (https://onthewavefront.com/dw_what-is-deep-wave.htm) technology for improved oil recovery and groundwater remediation is pleased to announce, subject to regulatory approval, that the Company, through its agent, Pritchard Capital Partners LLC ("Pritchard"), has agreed to a brokered and concurrent non- brokered private placement (the "Private Placement") for gross proceeds of CDN $9,501,311. The Private Placement is being subscribed by two institutional placees as portfolio managers and will consist of 7,038,008 Common Shares ("Shares") priced at $1.35 per share. The Shares issued under the Private Placement will be subject to a four-month hold period from the date of closing.