12:01 PM EST - exactEarth Ltd. : Has entered into definitive agreements for a private placement of 13,000 convertible debentures of the Company at a price of $1,000 per Convertible Debenture for aggregate gross proceeds of $13,000,000. The purchasers of the Convertible Debentures include a limited number of new and existing institutional investors, including Hisdesat and MMCAP. The net proceeds from the Private Placement will be used to fund the Company's ongoing working capital needs in support of business operations and for general corporate purposes. exactEarth Ltd.
shares T.XCT are trading up $0.03 at $0.31.
