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Cyberplex announces completion of $3.25 million private placement
Cyberplex announces completion of $3.25 million private placement.
About this update from Eq Inc.
[{"type":"text","content":"\n\n\n\n\nTORONTO, June 29 /CNW/ - Cyberplex Inc. (TSX: CX) (the \"Company\" or\n\"Cyberplex\"), a North American technology consulting firm, announced today\nthat, further to its earlier press release of June 22, 2006, it has completed\na private placement raising gross proceeds of $3,250,000. The Company issued\n8,125,000 units (\"Units\"), at $0.40 per Unit. Each Unit is comprised of one\ncommon share and one-half warrant, with each whole warrant (\"Warrants\")\nentitling the holder to acquire one additional common share at the price of\n$0.60 for a period ending December 29, 2007.\nThe lead subscription came from an arm's length subscriber, Robert R.\nMcEwen, who subscribed for $3,000,000 representing 7,500,000 Units (7,500,000\ncommon shares and 3,750,000 Warrants). The balance of the private placement,\n$250,000 representing 625,000 Units, was subscribed for by directors of the\nCompany.\nGMP Securities L.P. acted as financial advisor to the Company.\n\nAbout Cyberplex\n\nCyberplex Inc. (www.cyberplex.com) is a technology consulting firm\nfocused on application expertise. The Company's specialized team of management\nand technology consultants assist clients with all aspects of their\napplications as they enhance, automate and manage technology solutions that\nimprove business processes.\n\nThis news release may contain certain forward-looking statements that\nreflect the current views and/or expectations of Cyberplex Inc. with respect\nto its performance, business and future events. Such statements are subject to\na number of risks, uncertainties and assumptions. Actual results and events\nmay vary significantly.\n\n\n\n","length":1687,"tagName":"div"}]