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Eguana Announces Closing of $1.215 Million Second Tranche Private Placement
Eguana Announces Closing of $1.215 Million Second Tranche Private Placement Canada...
About this update from Eguana Technologies Inc
[{"type":"text","content":"\n\n\n\nEguana Announces Closing of $1.215 Million Second Tranche Private Placement\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, Aug. 8, 2019\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/\n CALGARY, Aug. 8, 2019 /CNW/ - Eguana Technologies Inc. (\"Eguana\" or the \"Company\") (TSXV: EGT) (OTCQB:EGTYF) is pleased to announce that it has closed its previously announced upsized private placement offering (June 21, 2019) on a non-brokered basis by issuing 1,215 unsecured convertible debenture units of the Company (each, a \"CD Unit\" and collectively, the \"CD Units\") at a price of $1,000 per CD Unit for gross proceeds of $1.215 Million (the \"Offering\"). Eguana closed the first tranche of its private placement on June 21, 2019 by issuing 3,012 CD Units for gross proceeds of $3.012 Million. In total, Eguana issued 4,227 CD Units for gross proceeds of $4.227 Million. The net proceeds will be used for general working capital and corporate expenditures of the Company.\n\n \n \n\n \nEach CD Unit is comprised of one $1,000 unsecured convertible debenture of the Company (each, a \"Debenture\" and collectively, the \"Debentures\") and such number of common share purchase warrants of the Company (each, a \"Warrant\" and collectively, the \"Warrants\") equal to the principal amount of the Debenture divided by $0.30, with each Warrant exercisable at $0.20 to acquire one common share in the capital of the Company (each, a \"Common Share\" and collectively, the \"Common Shares\") for a period of 36 months from the date of issuance (the \"Closing Date\"). \nAs part of the Offering, to demonstrate continued support of Eguana's growth plans, insiders of the Company subscribed for an aggregate of 1,215 CD Units. The Company's largest shareholder DHCT II Luxembourg SARL (\"DHCT\"), the investment vehicle of funds managed by Doughty Hanson & Co Managers Limited subscribed for 1,200 CD Units and Gregory Nelson, a director of the Company subscribed for 15 CD Units. Such participation is consider...