June 28Empower Technologies arranges $700,000 financing
Ticker Symbol: C:EPT
Empower Technologies arranges $700,000 financing
Empower Technologies Corp (C:EPT)
Shares Issued 47,971,279
Last Close 6/27/2011
.20
Tuesday June 28 2011 - News Release
Mr. Paul Leung reports
EMPOWER TECHNOLOGIES ANNOUNCES A NON-BROKERED PRIVATE PLACEMENT OF UNITS TO RAISE UP TO $700,000
Empower Technologies Corp. is proceeding with a non-brokered private placement of units to raise up to $700,000.
The offering is not subject to any minimum and is to be of up to 3.5 million units at 20 cents per unit, with each unit consisting of one share and one-half warrant. Each whole warrant is exercisable into one common share for a period of one year at 25 cents per share. The warrants will be non-transferable. The proceeds of the offering will be used to finance production, inventory, sales and marketing expenses, and for general working capital.
The offering is subject to acceptance by TSX Venture Exchange.
We seek Safe Harbor.
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