SQI DIAGNOSTICS INC. ("SQD")
BULLETIN TYPE: Prospectus-Unit Offering
BULLETIN DATE: April 15, 2014
TSX Venture Tier 2 Company
Effective April 15, 2014, the Company's Short Form Prospectus (the "Prospectus) dated April 3, 2014 was filed with and accepted by TSX Venture Exchange (the "Exchange"). The Prospectus was filed with and receipted by the Alberta, British Columbia and Ontario Securities Commission on April 4, 2014, pursuant to the provisions of the respective Securities Acts.
TSX Venture Exchange Inc. has been advised that closing occurred on April 10, 2014 for gross proceeds of $4,200,000.
Underwriter: Euro Pacific Canada Inc.
Offering: 8,400,000 ("Units"). Each Unit consists of one share and one common share purchase warrant.
Unit Price: $0.50 per Unit
Warrant Exercise Price/Term: Each whole warrant ("Warrant") entitles the holder to acquire one additional common share of the Company at a price of $0.65 for a period of two years.
Agent's Fee: A fee equal of $294,000 (7% of the proceeds from Units sold) pursuant to the agency agreement between the Company and the Agent, plus 588,000 warrants ("Agent's Warrants") has been paid to the Agent. Each Agent's Warrant is exercisable into one common share at a price of $0.50 for a period of two years.
Over-Allotment Option: The Agent has been granted an option to arrange for the sale of up to an additional 840,000 Units (10% of that number of Units sold pursuant the offering) at the same terms as above, at any time up to 30 days after the closing of the offering. The above noted Agent's Fees are also applicable to the Over-Allotment Option.
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