Stock Symbol: IFX
MONTREAL, Dec. 31, 2014 /CNW Telbec/ - Imaflex Inc.
(TSXV: IFX) ("Imaflex" or the "Corporation") is
pleased to announce that it has increased and completed today its
previously announced non-brokered private placement
(the "Offering"). Pursuant to the Offering, the
Corporation has received subscriptions for 4,055,666 units (the
"Units") at a price of $0.45
per Unit for gross proceeds of $1,825,050. Each Unit is comprised of one common
share of the Corporation (the "Common Shares"), and one half
of one common share purchase warrant (the "Warrants").
Each full Warrant will entitle the holder thereof to purchase one
additional Common Share at an exercise price of $0.65 per Common Share for a period of twelve
months from the closing of the Offering.
The Corporation has received subscribers referrals from
different finders (the "Finders") in connection with the
Offering. The Corporation has paid to the Finders a cash commission
equal to 6.0% of the gross proceeds of the Offering from
subscribers introduced to the Corporation by such Finders. The
Corporation has also issued to the Finders finders' fee options
equal to 6.0% of the total number of Units sold pursuant to the
Offering to subscribers introduced to the Corporation by such
Finders (collectively, the "Finders' Warrants"). Each
Finders' Warrant will entitle the holder thereof to purchase one
Common Share at an exercise price of $0.65 for a period of twelve months following the
closing of the Offering.
One insider of the Corporation has subscribed to 10,000 Units
and five pro-group members of the Corporation have subscribed to an
aggregate of 766,222 Units pursuant to the Offering.
The proceeds of the Offering will be used for working capital
purposes.
The Offering was carried on a private placement basis pursuant
to prospectus exemptions of applicable securities laws and is
subject to final acceptance by the TSX Venture Exchange. All
securities issued in connection with the Offering are subject to a
four-month and one day hold period.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Imaflex Inc.