Business
EnWave Announces CDN$10.0 Million Bought Deal Private Placement
Jan. 18, 2011 (Canada NewsWire Group) -- NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERV...
About this update from Enwave Corporation
[{"type":"text","content":"\n\n\n\n Jan. 18, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nNOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR\n DISSEMINATION IN THE UNITED STATES\n\n\nVANCOUVER, Jan. 18 /CNW/ - EnWave Corporation (TSX-V: ENW | FSE: E4U) ("EnWave" or the "Company") today announced that it has entered into an agreement with Canaccord\n Genuity Corp., on behalf of a syndicate of underwriters including\n Laurentian Bank Securities and Clarus Securities Inc. (the\n "Underwriters"), under which the Underwriters have agreed to purchase,\n on a bought deal private placement basis, 5,556,000 Units (the "Units")\n at a price of CDN$1.80 per Unit for aggregate gross proceeds of\n CDN$10,000,800 (the "Offering").  Each Unit will consist of one common\n share of the Company and one-half of one common share purchase warrant\n (each whole warrant, a "Warrant"). Each Warrant will entitle the holder\n to subscribe for one additional common share for a period of 18 months\n from the closing of the Offering at an exercise price of CDN$2.25.\n\n\nThe Company will also grant the Underwriters an over-allotment option to\n purchase up to an additional 1,150,000 Units at the offering price for\n additional gross proceeds of up to CDN$2,070,000 exercisable 48 hours\n prior to the closing of the Offering.\n\n\nEnWave will pay the Underwriters a cash commission equal to 7% of the\n gross proceeds raised under the Offering and issue to ...