AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Telefficiency Holding Corporation Closes On US$1.8 Million Private Placement.
Business Editors
MISSISSAUGA, Ontario--(BUSINESS WIRE)--March 8, 2000
Telefficiency Holding Corporation (OTCBB:TTFC) announced today that it completed its private placement of US$1.8 million aggregate principal amount of three year notes due December, 2002, and bearing interest at 13%.
The private placement also included warrants to purchase up to an aggregate of 540,000 shares of the company's Class A common stock for an aggregate price of $135,000. Financial Research Limited of Green Oaks, Illinois acted as the placement agent on behalf of the company and was paid a fee of $40,000 and warrants to purchase 700,000 shares for an aggregate amount of $175,000 for its services.
Michael R. Brunet, President and CEO of Telefficiency, said proceeds of the private placement will be used to fund new sales and to increase profitability in the company's existing Ontario market. "This financing will enable us to accelerate our expansion plans in our existing markets. We are currently considering expansion into the Calgary and Montreal markets."
- Financial Private Placement Deals Have Risen Sharply In Q2 2009 with Companies...
- Newspaper article from: Mental Health Weekly Digest November 9, 2009 700+ words
...private equity, private placement, IPO, secondary...this title Private placement deals have...Q2 2009 with companies in US and China...Find out how companies in consumer...equity, and private placement deals Key Topics...
- Private-placement VA targets the wealthy; But compensation for advisers tends...
- Magazine article from: Investment News October 18, 2004 700+ words
...similar to the private-placement life insurance...currently offer private-placement annuity products...noted that other companies with private-placement annuities in various...said that his company requires private...
- Gold Hawk Resources Inc.: Private Placement to Raise Up to CDN$14,000,000 for...
- Press release article from: Business Wire February 6, 2006 700+ words
...complete, on a best efforts basis, a private placement of a minimum of 48,000,000 and...proceeds of Cdn$14 million (the "Private Placement"). Each Subscription Receipt will...24 months from the closing of the Private Placement. The Agent will have the option...
- TiVo Receives Shareholder Support for Private Placement.
- Press release article from: PR Newswire August 2, 2001 700+ words
...raise $50 to $75 million in a private placement to accredited investors (the "Private Placement"). This proposed Private Placement may ultimately require us to...Market's rules require that a company obtain approval from a majority...
- Private Placement VL Is Next Big Thing.(private placement variable life)(Brief...
- Magazine article from: National Underwriter Life & Health-Financial Services Edition PRINCE, RUSS ALAN May 29, 2000 700+ words
...a number of companies and will soon...service, with private placement variable life...about employing private placement variable life...producers and companies (including...professionals using private placement life insurance...
- Genesis Worldwide Inc. Announces Proposed $1,675,000 Non-Brokered Private...
- News wire article from: Marketwire Canada July 17, 2009 700+ words
...proposing to complete a non-brokered private placement (the "Private Placement") of 6,700,000 common shares at a...addition, each subscriber pursuant to the Private Placement will receive one half of a common share...
- Drake Energy Ltd.: Private Placement.
- News wire article from: Marketwire Canada August 5, 2009 700+ words
...intends to complete a non-brokered private placement (the "Private Placement") for up to: (i) 1.5 million units...9) months from date of closing of the Private Placement. Completion of the Private Placement is...
- Genesis Worldwide Inc. Announces Closing of Previously Announced $1,675,000...
- News wire article from: Marketwire Canada July 27, 2009 700+ words
...its previously announced non-brokered private placement (the "Private Placement") of 6,700,000 common shares at a...addition, each subscriber pursuant to the Private Placement received one half of a common share purchase...