Business
BSM Technologies Inc. Announces $7,500,000 Fully Marketed Prospectus Offering of Common Shares
TSXV: GPS /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINAT...
About this update from Great Plains Metals Corp.
[{"type":"text","content":"\n\n\n\n\n\nTSXV: GPS\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR\n DISSEMINATION IN THE UNITED STATES/\n\n\nTORONTO, Feb. 11, 2013 /CNW/ - BSM Technologies Inc. (\"BSM\" or the\n \"Company\") (TSX-V: GPS), a leading provider of remote monitoring, fleet management, fleet diagnostics and automated vehicle security systems, today\n announced a fully marketed prospectus offering of common shares\n (\"Common Shares\") through a syndicate of agents led by Paradigm Capital\n Inc. (the \"Lead Agent\"), and including MGI Securities Inc. and Loewen,\n Ondaatje, McCutcheon Ltd. (collectively with the Lead Agent, the\n \"Agents\"), along with PowerOne Capital Markets Limited as a member of\n the selling group with respect to the offering. The Agents will raise\n up to $7,500,000 on a best efforts basis (the \"Offering\"). The Offering\n will be comprised of Common Shares to be priced in the context of the\n market (the \"Offering Price\"). The Agents will also have the option to\n increase the size of the Offering by an additional 15% at any time up\n to 30 days following the closing date.\n\n\nThe net proceeds from the Offering are expected to be used by the\n Company for business expansion, research and development, sales and\n marketing, product expansion and general working capital purposes.\n\n\nThe offering is scheduled to close on or about February 28, 2013 and is\n subject to certain conditions including, but not limited to, completion\n of satisfactory due diligence investigations and receipt of all\n necessary regulatory approvals, including the approval of the TSX\n Venture Exchange.\n\n\nThe securities being offered have not been, and will not be, registered\n under the United States Securities Act of 1933, as amended (the \"U.S.\n Securities Act\") and may not be offered or sold in the United States or\n to, or for the benefit of, U.S. persons (as defined in Regulation S\n under the U.S. Securities Act) absent U.S. registration or an\n applicable exemption from the U.S. registration requirements. This\n release does not constitute an offer for sale of securities in the\n United States.\n\n\nAbout BSM Technologies (bsmwireless.com)\n\n\nBSM Technologies, through its subsidiary BSM Wireless Inc., is a leading\n provider of remote monitoring, fleet tracking, fleet maintenance, and business intelligent eng...