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Cell-Loc Location Technologies Inc. (TSX VENTURE:XCT) ("CLTI" or the "Company")
is pleased to announce closing of a non-brokered private placement. As a result
of the financing being oversubscribed, the size of the previously announced
offering was increased. The closing consists of 4,148,333 ("Units") in the
capital of the Company for gross proceeds of $497,800 at a price of $0.12 per
Unit (the "Offering"). 


Each Unit consists of one common share of ("Common Share") and one common share
purchase warrant (a "Warrant"). Each Warrant entitles the holder thereof to
acquire one Common Share at an exercise price of $0.18 per Common Share at any
time on or before the 18 month anniversary of the closing of the Offering. The
Common Shares and Warrants issued pursuant to the Offering are subject to a
four-month hold period expiring on September 12, 2011. 


Directors and officers of the Company subscribed for $258,000 (52%) of the Offering.

Proceeds from this private placement will be used to fund business development
and for working capital purposes.


About Cell-Loc Location Technologies Inc. 

Cell-Loc is an intellectual property company that has a proprietary technology
designed for deployment of wireless data transmission and location based
services. The Company has installed a commercial network in Sao Paulo, Brazil
where its technology is being deployed for stolen vehicle recovery services
within that network. Cell-Loc is currently in the engineering design and
development phase whereby its technology will be deployed for telemetry markets
that can be serviced by an existing network or customized as a stand-alone low
cost line of sight network application.


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free news service (www.marketwire.com).


For further information about Cell-Loc and the ongoing technology business,
please contact Keith Bohn or Dave Guebert.


Cell-Loc Location Technologies Inc. (TSXV:XCT)
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Cell-Loc Location Technologies Inc. (TSXV:XCT)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024 Cell-Loc Location Technologies Inc. 차트를 더 보려면 여기를 클릭.