THIS MAY BE OF INTEREST found on another forum MessageNext Message<Picture: Next Message>
$250,000 private placement at $0.88
Pyng Technologies Corp PYT
Shares issued 7,550,356 Dec 18 close $1.10
Fri 19 Dec 97
Mr Michael Jacobs reports
The company has negotiated a private placement of up to 284,091 units at
$0.88 for proceeds of $250,000. Each unit consists of one share and one
warrant to acquire an additional share for two years from the date of
closing at $0.88 in the first year and $1.01 in the second. The proceeds
will be used to bring the F.A.S.T. 1 system to market.
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Private placement increased to $375,000
[This increase seems incongruous with what Mr. Jacobs said here on Dec 21 - "Yes we can get the job done on this amount as we already have some funds available and this will top up the till so that production tooling can be completed".]
Pyng Technologies Corp PYT
Shares issued 7,550,356 Dec 19 close $1.06
Tue 23 Dec 97 News Release
Mr Michael Jacobs reports
The size of the company's private placement has increased from 284,091
units at $0.88 for proceeds of $250,000 to 426,136 units at $0.88 for
proceeds of $375,000. All other terms of the placement remain the same.
Proceeds will be used to bring the F.A.S.T. I system to market.
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Also i found this on the JEMS site,
The January 98 issue has 7 full pages regarding Adult Inraosseous Infusion ( FAST1)
To order this back issue call 1-800-266-JEMS |
