News Release AnalytixInsight Announces $800,000 Non Brokered Private Placement Financing
08:00 EST Thursday, November 06, 2014
TORONTO, ONTARIO--(Marketwired - Nov. 6, 2014) -
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AnalytixInsight Inc. (the "Company" or "AnalytixInsight") (TSX VENTURE:ALY) has launched a strategic non-brokered private placement offering to raise up to CDN$800,000 (the "Offering"). The Offering will be comprised of up to 2,962,962 units (the "Units") priced at $0.27 per Unit, each Unit being comprised of one common share in the capital of AnalytixInsight and one-half of one common share purchase warrant of AnalytixInsight (each whole common share purchase warrant, a "Warrant"). Each Warrant shall entitle the holder to acquire one common share of AnalytixInsight at a price of $0.50 and the Warrants will have a term of twelve months from the time of the closing of the Offering. The securities underlying the Units, including the common shares and Warrants issued on closing, as well as the common shares issuable upon due exercise of the Warrants, will all be subject to a four month statutory hold period commencing on the date of issuance. The Company may pay finder's fees in accordance with TSX Venture Exchange policies.
The proceeds from the Offering will be used for general working capital purposes and to help finance potential acquisitions.
The Offering is scheduled to close on or about November 14, 2014 and is subject to certain conditions including, but not limited to, receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.
On behalf of the Board of Directors of ANALYTIXINSIGHT INC.
Prakash Hariharan, Chairman
ABOUT ANALYTIXINSIGHT INC.