The Caldwell Partners International Inc. announced that it has received CAD 3.34 million in funding.
January 16, 2014 at 11:00 pm EST
The Caldwell Partners International Inc. (TSX:CWL) announced a private placement of 4,000,000 shares at a price of CAD 0.85 per share for gross proceeds of CAD 3,400,000 on December 23, 2013. The transaction will include participation from senior search professionals, officers, and directors of the company. The transaction is subject to TSX Venture Exchange approval. The shares issued in the transaction will be subject to hold period expiring on or about January 15, 2015. The transaction is expected to close by January 15, 2014.
On January 17, 2014, The Caldwell Partners International Inc. closed the transaction. The company issued 3,934,647 shares for gross proceeds of CAD 3,344,450. The company received $3,055,489 (CAD 3,340,750) pursuant to exemption provided under Regulation D from 32 investors. The shares issued are subject to a hold period expiring on January 17, 2015. The conversion has been done through www.oand.com on January 17, 2014.