Dussault Apparel announces equity financing of up to $5mn
20 Jul '07
1 min read
Dussault Apparel Inc announces that it has entered into agreements for the issuance of up to 5,000,000 units to certain investors for total proceeds of up to $5 Million.
Each Unit consists of one common share in the capital of the Company and one common share purchase warrant (each, a "Warrant") subject to adjustment.
Each Warrant shall be non-transferable and shall entitle the holder thereof to purchase one share of common stock in the capital of the Company (each, a "Warrant Share"), as presently constituted, for a period of twenty-four months, at a price per Warrant Share of US$1.25.
The proceeds from the financing will be used to fund several projects including; completion of the acquisition of the private company Dussault Jeans Inc, inventory acquisition, working capital, growing market share and building the Company's emerging brand recognition.
The securities offered in the private placement to the investors and the placement agent were not registered under the Securities Act of 1933 as amended (the "Act"), and may not be offered or sold in the United States absent registration, or an applicable exemption from registration, under the Act.
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.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
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