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Dr. Phone Fix Canada Raises C$726,000 in a Private Placement of Convertible Debenture Units

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Dr. Phone Fix Canada (DPF.V) closed the second tranche of its non-brokered private placement of convertible debenture units, raising C$726,000, it said over the weekend.

The company placed of 726 units priced at C$1,000 each, in the tranche. Each unit is made up of a C$1,000 principal amount unsecured convertible debenture and 3,125 two-year warrants to buy a share for C$0.22. The debentures can be converted into shares priced at C$0.16..

Shares of the company were last seen unchanged at C$0.125 on the TSX Venture Exchange.

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