NetworkNewsBreaks – PowerBand Solutions Inc. (TS
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Posted On: 02/11/2021 3:50:28 PM
NetworkNewsBreaks – PowerBand Solutions Inc. (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) Closes on Private Placement, Resulting in C$5.3 Million
PowerBand Solutions’ (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) has announced that the company has closed on its previously announced nonbrokered private placement. As announced on Jan. 22, 2021, the placement was comprised 18,275,862 units; each unit, which included one common share of the company and one share purchase warrant of the company, was sold at $0.29. In addition, each warrant holder allows the holder to receive on common share for no additional consideration for an exercise price of $0.49 per share for up to 24 months after their date of issuance. The private placement was fully subscribed, resulting in total proceeds of C$5.3 million with cash finders’ fees paid at arm’s length that equaled $92,802.52. Finder warrants are exercisable at $0.49 per common share for a period of 24 months after their date of issuance. In the announcement, the company noted it intends to use the funds to supports its continued expansion efforts in the United States as well as software and business development and other general administration and working purposes.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
PowerBand Solutions’ (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) has announced that the company has closed on its previously announced nonbrokered private placement. As announced on Jan. 22, 2021, the placement was comprised 18,275,862 units; each unit, which included one common share of the company and one share purchase warrant of the company, was sold at $0.29. In addition, each warrant holder allows the holder to receive on common share for no additional consideration for an exercise price of $0.49 per share for up to 24 months after their date of issuance. The private placement was fully subscribed, resulting in total proceeds of C$5.3 million with cash finders’ fees paid at arm’s length that equaled $92,802.52. Finder warrants are exercisable at $0.49 per common share for a period of 24 months after their date of issuance. In the announcement, the company noted it intends to use the funds to supports its continued expansion efforts in the United States as well as software and business development and other general administration and working purposes.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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