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Montec Holdings Inc. announces revised subscription agreement for private placement offering
Montec Holdings Inc. announces revised subscription agreement for private placement offering.
About this update from Defence Therapeutics Inc Class A
[{"type":"text","content":"\n\n\n\nMONTREAL, April 11 /CNW/ - Montec Holdings, (TSX-V: MTE) ("Montec" or\n"the Company"), a holding company focused on acquiring and developing a\ndiversified portfolio of high-growth technology companies, today announced it\nhas revised the subscription agreement it had announced on March 7, 2007. The\nnew terms of the private placement offering (the "Offering") are as follows:\n\n\n(i) The unit subscription price is $0.15 per share. Each unit consists of\n1 common share at a price of $0.15 and 1 common share purchase warrant. Each\nfull warrant will entitle the holder to purchase one common share of the\nCompany at a price of $0.20 per share for a period of 24 months after the\nclosing date of the Offering;\n\n\n(ii) The maximum size of the offering is $900,000 (6 million units x\n$0.15);\n\n\n(iii) The minimum subscription is $750 (5,000 x $0.15);\n\n\n(iv) The closing date is on or before June 4, 2007.\n\n\nThe Company will use the net proceeds from the Offering to fund\nsubsequent acquisitions and general working capital purposes.\n\n\nNo assurance can be given that the total number of units available under\nthe Offering will be subscribed for, or that the Offering will be completed.\nCompletion of the private placement is subject to receipt of all required\nregulatory and other approvals, including acceptance by the TSX Venture\nExchange.\n\n\nAbout Montec Holdings Inc.\n\n\nMontec Holdings Inc. is listed on the TSX Venture Exchange (TSX-V: MTE).\nMontec's objective is to create shareholder value by building a profitable\ntechnology entity with high-growth potential. Structured as a holding company,\nit will acquire, in each case, at least 51% shareholdings of a number of\nsynergetic companies and it will develop a diversified portfolio of\nhigh-growth technology companies. The Company recently completed the\nacquisition of Datex Billing Services Inc. For more information about Montec\nHoldings, please visit our website at www.montecholdings.com\n\n\nThe TSX Venture Exchange Inc. has not reviewed and does not accept\n\n\nresponsibility for the adequacy or accuracy of this release.\n\n\n%SEDAR: 00020865E\n\n\n","length":2253,"tagName":"div"}]