Brief: Acceleware reports proposed private placement

Acceleware

22/09/2016 22:48

Sept 22 (Reuters) - Acceleware Ltd  AXE.V : 
    * May issue up to about 18.2 million units at a price of 
$0.11 per unit 
    * Says co proposes to complete a non-brokered private 
placement of units to raise gross proceeds of up to $2,000,000 
    * To use proceeds to continue to develop and field test its 
radio frequency RF XL heavy oil and oil sands extraction 
technology 
 
Source text for Eikon:  ID:nCNWfjMcja  
Further company coverage:  AXE.V  
 
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