Eguana to issue $314,000 flow-through exchangeable LP units (Scandinavian Oil-Gas Magazine)

Eguana to issue $314,000 flow-through exchangeable LP units

Published Jan 2, 2015

Eguana Technologies Inc. is raising $314,000 by way of a private placement (the "Private Placement") of limited partnership units (LP Units) of its subsidiary EGT Markets Limited Partnership (Partnership) at a price of $1,000 per LP Unit.

The Company has the right to acquire the LP Units in exchange for common shares of Eguana (Common Shares) after December 31, 2014, at an exchange ratio of 3,030 Common Shares for one LP Unit, which would result in an effective exchange price of $0.33 per Common Share.

Tags: Eguana Technologies Inc.

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