Business
Cyberplex Inc. announces closing of private placement
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S./ TORONTO, Feb. ...
About this update from Eq Inc.
[{"type":"text","content":"\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN\n\n\nTHE U.S./\n\n\nTORONTO, Feb. 21 /CNW/ - Cyberplex Inc. (TSX: CX) a leading technology\nfirm focused on providing web advertising solutions and on-line customer\nacquisition strategies, today announced the successful closing of its\npreviously announced private placement (the "Private Placement"). The Private\nPlacement was fully subscribed, resulting in the issuance of 8,333,334 common\nshares of the Corporation (the "Shares") at a price of $0.60 per Share for\ngross proceeds of $5,000,000. The proceeds of the Private Placement will be\nused by the Corporation for general corporate purposes.\n\n\nThe Private Placement was undertaken by a syndicate of agents co-led by\nParadigm Capital Inc. and GMP Securities L.P., and including Jones, Gable &\nCompany Limited, M Partners Inc. and Thomas Weisel Partners Canada Inc.\n(collectively, the "Agents"). For consideration of the Agents' services, the\nAgents received a cash commission of 6% of the gross proceeds raised and\ncompensation options to purchase an aggregate of 333,333 common shares of the\nCorporation (the "Compensation Shares") (equal to 4% of the aggregate number\nof Shares issued pursuant to the Private Placement), each compensation option\nexercisable to purchase one Compensation Share at a price of $0.65 per\nCompensation Share at any time on or before August 21, 2009.\n\n\nThe Shares and Compensation Shares will be subject to a four month hold\nperiod following closing of the Private Placement, expiring June 22, 2008.\n\n\nThis news release does not constitute an offer to sell or a solicitation\nof an offer to buy any of the securities in the United States. The securities\nhave not been and will not be registered under the United States Securities\nAct of 1933, as amended (the "U.S. Securities Act") or any state securities\nlaws and may not be offered or sold within the United States or to U.S.\nPersons unless registered under the U.S. Securities Act and applicable state\nsecurities laws or an exemption from such registration is available.\n\n\nAbout Cyberplex\n\n\n---------------\n\n\nCyberplex Inc. (www.cyberplex.com) is a leader in providing web\nadvertising solutions and on-line customer acquisition strategies, as well as\napplic...