Quadra Logic Technologies Inc. on Thursday said it has receivedC$9.6 million (U.S.$7.3 million) from the exercise of purchasewarrants for 1.4 million shares of outstanding stock.
Each whole warrant entitled the holder to purchase onecommon share (NASDAQ:QLTIF) at $7 on or before Dec. 31,1993. The warrants were initially issued in June 1992 inconnection with a public offering in Canada of units consistingof one common share and one-half common share purchasewarrant.
The Vancouver, British Columbia, company said it now hasabout $36 million in cash and 19.7 million shares issued andoutstanding.
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