March 16, 2007
Lyrtech Inc. (TSX-V:LYT), a developer and manufacturer of advanced digital signal processing solutions completed a private placement consisting of 125,237,500 units at a price of $0.08 per unit for gross proceeds of $10,019,000. Each unit consisted of one Class A common share and one Class A common share purchase warrant. Each warrant is exercisable for a period of 60 months at an exercise price of $0.105. The offering was completed by a syndicate of agents led by Paradigm Capital Inc. and including Quest Securities Corporation and Dundee Securities Corporation.
Wildeboer Dellelce LLP represented the Agents with a team that included Derek Sigel and Geoff Cher (corporate/securities).