Business
In-Touch Survey Systems Ltd. enters term sheet for non-brokered $27,500 private placement
OTTAWA, Jan. 17 /CNW Telbec/ - In-Touch Survey Systems Ltd. ("In-Touch" TSX-Venture: INX) is plea...
About this update from Intouch Insight Ltd.
[{"type":"text","content":"\n\n\n\nOTTAWA, Jan. 17 /CNW Telbec/ - In-Touch Survey Systems Ltd.\n("In-Touch" TSX-Venture: INX) is pleased to announce that it has entered into\na term sheet for a non-brokered private placement of common shares for\naggregate proceeds of twenty seven thousand five hundred dollars ($27,500.00),\nwhich is anticipated to close no later than January 18th, 2008.\n\n\nParticipating in the placement are 5 employees (2 of which are insiders)\nand 1 contractor of In-Touch. They will subscribe for an aggregate of\n110,000 common shares at twenty-five cents ($0.25) per common share. No\nDirectors of the Company or other individuals are participating in this\nplacement.\n\n\n"We are heartened by this vote of confidence from our employees, who are\nkey to our continued success," said Michael Gaffney, Chief Executive Officer.\n\n\nThe private placement is subject to regulatory compliance and approval by\n\n\nthe TSX Venture Exchange.\n\n\nThe proceeds from the private placement will be used for general working\ncapital purposes.\n\n\nThe TSX Venture Exchange has not reviewed the foregoing and has neither\n\n\napproved or disapproved the contents of this press release.\n\n\n%SEDAR: 00007687E\n\n\n","length":1290,"tagName":"div"}]