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Broadband

TransGaming closes private placement of CAD 300,000

Friday 18 January 2013 | 19:48 CET | News
TransGaming has announced that the company has completed a non-brokered private placement of CAD 301,560. A total of 3.8 million units were issued to subscribers in Canada. Each unit was priced at CAD 0.08 and is comprised of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one common share at an exercise price of CAD 0.12 at any time on or before the 24-month anniversary of the closing date. The net proceeds from the private placement will be used by the company for working capital and general corporate purposes.

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Categories: Internet
Companies: TransGaming
Countries: Canada
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