- Aurora Solar Technologies (ACU) has completed its acquisition of BT Imaging Pty Ltd.
- Aurora issued 62,969,351 common shares and $1,205,310 in cash
- The concurrent non-brokered private placement has generated net proceeds of $1,146,625
- Aurora Solar Technologies develops inline process controls and yield management solutions for solar cell manufacturers
- Aurora Solar Technologies (ACU) is up 4.55 per cent, trading at C$0.115 per share at 11:30 am ET
Aurora Solar Technologies (ACU) has completed its previously announced acquisition of BT Imaging Pty Ltd.
Aurora issued 62,969,351 common shares and $1,205,310 in cash. These new common shares will be released in three tranches on December 26, 2022, June 25, 2023 and December 25, 2023.
The concurrent previously announced non-brokered private placement has also been completed with net proceeds of $1,146,625.
The company issued 11,650,000 units for $0.10 per unit. Each unit consists of one common share and one share purchase warrant.
A finders fee of $18,375 was paid and 183,750 finders warrant were issued.
The company also announces stock option grants to directors, officers and consultants totaling 3,700,000 options exercisable at $0.11 for a five-year term.
Aurora Solar Technologies develops inline process controls and yield management solutions for solar cell manufacturers.
Aurora Solar Technologies (ACU) is up 4.55 per cent, trading at C$0.115 per share at 11:30 am ET.