TORONTO, May 5 /CNW/ - Luxell Technologies Inc. (TSX:LUX) today announced that it may pay increased fees to agents in respect of the $6.0 million financing announced in its press release of May 2, 2008. In respect of the offering, the Company may pay agents' fees of a cash commission of up to 8% of the aggregate subscription proceeds plus an engagement fee of up to $25,000. In addition, the Company may also grant to the agents a number of common shares of up to 8% of the number of units issued pursuant to the offering. All other terms and conditions of the offering remain the same.
As such, assuming all of the warrants are exercised, a maximum of 104,280,000 common shares will be issued or made issuable pursuant to the transaction representing approximately 163% of the company's issued and outstanding common shares on a pre-transaction basis.
About Luxell
Luxell designs, manufactures and licenses flat panel display technologies and solutions for defence and avionics industries. More information can be found at www.luxell.com. (C) Luxell Technologies Inc., Luxell and Black Layer are trademarks of Luxell Technologies Inc. All other company and/or product names are trademarks and/or registered trademarks of their respective manufacturers.
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