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Critical Control Announces Private Placement and Plan of Arrangement |
May 12, 2017
CALGARY, ALBERTA--(Marketwired - May 11, 2017) - Critical Control Energy Services Corp. ("Critical Control" or the "Corporation") (TSX:CCZ) announces that it intends to complete a non-brokered private placement of units (the "Units") consisting of a newly created class of Series A Preferred Shares (the "Preferred Shares") and common share purchase warrants (the "Warrants") for gross proceeds of a minimum of $3,000,000 to a maximum of $5,000,000 (the "Offering"). Contemporaneously with the Offering, the Corporation intends on issuing $4,650,000 of Preferred Shares to the current common shareholders of the Corporation in exchange for some or all of their existing common shares (the "Arrangement").
Link: http://www.marketwired.com/mw/release.do?id=2215970&sourceType=3
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