BURLINGTON, ON--(Marketwired - Jun 3, 2015) - Astrix Networks Inc., operating as Memex Automation (
The Company engaged Primary Capital Inc. ("Primary") to manage the Private Placement. The Company has paid finders' fees to Primary and other brokers equal to 8% of the proceeds raised via brokers ($273,384 in finders' fees). The Company has also issued broker warrants (the "Broker Warrants") equal to 8% of the number of Units sold via brokers (1,822,560 Broker Warrants). Each Broker Warrant entitles the holder to purchase one Unit at a price of $0.15 at any time prior to 5:00 p.m. EDT on June 2, 2017.
The Common Shares and Warrants issued in connection with the Private Placement will be subject to a four-month hold period from the closing date, as prescribed by the TSX Venture Exchange and applicable securities laws. The Private Placement may close in one or more tranches.
About Memex Automation:
Astrix Networks Inc., (
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
Contact Information:
For more information, please contact:
Leanne Rattray
Communications Specialist
Phone: 905-635-1540 ext. 103
Email:
David McPhail
CEO
Phone: 519-993-1114
Email: