Flexible Electronics News

Ynvisible Closes Private Placement

Closed a non-brokered private placement of 12,571,429 units of the company at $0.35 per unit for gross proceeds of $4,400,000.

Author Image

By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World

Ynvisible Interactive Inc. announced that it has closed a non-brokered private placement of 12,571,429 units of the company at $0.35 per unit for gross proceeds of $4,400,000.
 
Each unit consists of one common share in the capital of the company and one-half of a share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share in the capital of the company (a “warrant share”) at a price of $0.60 per warrant share for a period of three years from the closing of the offering.
 
 

Keep Up With Our Content. Subscribe To Ink World magazine Newsletters