iLOOKABOUT Announces Exercise of Warrants and Issuance of Common Shares

Data Investing

iLOOKABOUT (TSXV:ILA) has announced it has issued 1.48 million common shares to Gary Yeoman, chairman of the board and CEO of the company following the exercise of all his Series J Warrants. As quoted in the press release: The exercise price of these warrants was $0.15 per share, resulting in gross proceeds to the Company …

The exercise price of these warrants was $0.15 per share, resulting in gross proceeds to the Company of $222,150. These warrants were issued to Mr. Yeoman in connection with a private placement completed in January 2013 when Mr. Yeoman joined the Company. The proceeds will be used to help fund the Company’s working capital requirements.

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