RE:Warrants MONTREAL, Dec. 7, 2017 /CNW Telbec/ - LGC Capital Ltd. (TSXV: LG) ("LGC") is pleased to announce that it has completed its previously-announced private placement by issuing 5,000,000 additional units for gross proceeds of $750,000 at a second closing held today.
As a result, LGC raised a total of $3,730,773 in the private placement by issuing 24,871,822 units, each comprised of one common share and one common share purchase warrant; each warrant entitles its holder to acquire one additional LGC common share at a price of $0.25 for a period of 18 months from the closing date.