Skip to main content
This website uses cookies. By continuing to use this website you are agreeing to our use of cookies as described in our privacy policy.
Client Work

FOX-TEK closes private placement financing for US$5 million

Fasken
Reading Time 1 minute read Subscribe
Client

Research Capital

On October 13, 2006, Fiber Optic Systems Technology Inc. ("FOX-TEK"), a provider of patented fiber optic sensor systems, announced that it had closed the second part of a previously announced agreement with Research Capital Corporation ("Research"), under which Research agreed to buy 2.5 million common shares from the Company at a price of $2.00 per share, representing an aggregate amount of $5.0 million. Research also exercised an option to purchase a further $1.5 million of common shares. Fasken Martineau acted as underwriter's counsel to Research Capital Corporation with a team comprised of Rubin Rapuch, Jennifer Armstrong and Nancy Eastman.

    Subscribe

    Receive email updates from our team

    Subscribe