LeoNovus (TSXV: LTV), a software company with offices in California and Ottawa, is attempting to raise $2.3 million by selling some shares.
The company, which develops a cloud-based system for connecting HDTVs to the Internet, plans to issue up to 9,700,000 units through a non-brokered private placement. The units, priced at 23 cents each, will consist of one common share and a purchase warrant.
Each warrant allow its holder to purchase one common share at a price of 40 cents.
(Sponsored)
‘Prenup of business law’: Reasonable expectations in shareholder disputes
The scenario: You’re a 60 per cent shareholder. Your business partner holds the other 40 per cent. And you’ve just found a third party who wants to buy you out.
For the fifth year in a row, Ottawa will become the epicentre of Canadian culinary excellence in late January. Chefs from Ottawa, Vancouver, Edmonton, Calgary, Saskatoon, Winnipeg, Toronto, Montreal, Moncton
LeoNovus “anticipates that an insider of the company may purchase up to 41.24 per cent of the offering,” according to a press release issued on Friday.
