Each unit consists of one common share of the Intrinsyc and half of one common share purchase warrant at an offering price per unit of CDN$0.90. Gross proceeds for the offering including the units sold pursuant to the exercise of the closing option will be approximately $24,116,760.90, after taking into consideration exchange rates at the time of closing, with net proceeds of approximately $22,028,587.64 after deducting underwriters’ fees and estimated expenses.
The offering is expected to close on March 30, 2006. [March 28, 2006]
Send this IT news to a friend