Summary:
International Barrier Completes US $1,249,500 Financing for Manufacturing
Plant Enhancements to Facilitate Sales Growth and Licensing Opportunities
for Blazeguard®
For_Immediate_Release:
International Barrier Completes US $1,249,500 Financing for Manufacturing
Plant Enhancements to Facilitate Sales Growth and Licensing Opportunities
for Blazeguard®
International Barrier Technology Inc (www.intlbarrier.com) has renegotiated
its private placement (previously reported July 8, 2004) and subject
to regulatory acceptance, the company has closed a private placement
with an affiliate of Carl Marks & Co. Inc. (“Carl Marks”),
for the amount of 1.47 million units at a price of 85 U.S. cents
per unit ($1.10 (Canadian)) for gross proceeds of $1,249,500 (U.S.)
($1,614,979 (Canadian)). Each unit consists of one common share
and one non-transferable share purchase warrant. The warrants have
an exercise term of two years from the closing date.
Disclaimer: www.investorideas.com/about/diclaimer
Full news: www.investorideas.com/Companies/ViewDocument.asp?ID=2036
2012
