QualityStocksNewsBreaks – PowerBand Solutions Inc. (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) Plans Private Placement Financing with $5.3M Potential
PowerBand Solutions’ (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) has announced that it intends to complete a non-brokered private placement financing. The private placement should result in $5.3 million gross proceeds for PowerBand, which plans to use the money to support its continual development, growth, market expansion and for general working capital purposes. As announced by the company, the private placing will be comprised of up to 18,275,862 units to be offered at $0.29 per unit, resulting in the aforementioned $5.3 million. Each unit offered will be comprised of one common share as well as one common share purchase warrant, which…