Viscount Announces Completion of $1,510,200 Private Placement
April 01 2014 - 6:16PM
Business Wire
Viscount Systems, Inc. (OTCBB: VSYS) announces that it
has completed a private placement of 16,779,998 shares of common
stock at a price of $0.09 per share for total proceeds of
$1,510,200. The Company also issued a total of 8,389,995 warrants,
each warrant exercisable to acquire an additional share of the
Company at an exercise price of $0.20 per share for a period of
five years from the closing date. Pickwick Capital Partners, LLC
acted as the placement agent for the transaction. The proceeds from
the sale of the units will be applied towards general working
capital purposes.
The securities referred to herein have not been and will not be
registered under the United States Securities Act of 1933, as
amended or any state securities laws and may not be offered or sold
within the United States or to U.S. Persons unless registered under
the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.
For more information, contact:Viscount Systems, Inc.Dennis
Raefield, PresidentTelephone: (604) 327-9446
This news release does not constitute an offer to sell or a
solicitation of an offer to sell any of the securities in the
United States.
Viscount Systems, Inc.Dennis Raefield, 604-327-9446President
Viscount Systems (CE) (USOTC:VSYS)
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