Lyrtech announces a new financing totalling $445,999.99

QUEBEC CITY, April 19 /CNW Telbec/ - Lyrtech Inc. (Lyrtech or the Company) (TSXV: LTK), a Worldwide leader in digital signal processing technologies, announces that it concluded a new financing through a private placement of units, for an amount of $445,999.99 and 2,973,333 units.

Each unit is comprised of one common share of Lyrtech at a price of $0.15 and one warrant. Each whole warrant entitles the holder to acquire one common share of the Company, at a price of $0.25 per share for a period of 24 months following the closing date. The securities issued under this placement will be subject to a restricted period on resale for four months and one day.

"We are proud to witness the strong belief in Lyrtech's development and projects through this investment," said Louis Bélanger," CEO of Lyrtech.

The proceeds of this placement will be used as working capital of the Company. This financing is subject to the approval of the TSX Venture Exchange, Inc. and the regulatory authorities.

About Lyrtech

Lyrtech, a proud member of the Texas Instruments Design House Network, develops and manufactures advanced digital signal processing solutions for companies worldwide, a vital technology to network and wireless communications, audio and video processing, as well as electronic systems in all fields of technology. Lyrtech offers a full range of DSP-FPGA development platforms, as well as design and manufacturing of electronic products. Lyrtech works in partnership with industry leaders such as Texas Instruments, The MathWorks, and Xilinx. Lyrtech's customers include many prestigious names of the consumer electronics, telecommunications, aerospace, and defence fields.

The TSX Venture Exchange, Inc. has not reviewed and does not accept responsibility for the adequacy and accuracy of this release.

SOURCE LYRTECH INC.

For further information:

Louis N. Bélanger, president and chief executive officer
Lyrtech Inc.
(1) 418-877-4644
louis.belanger@lyrtech.com

Profil de l'entreprise

LYRTECH INC.

Renseignements sur cet organisme


FORFAITS PERSONNALISÉS

Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .

ADHÉSION À CNW

Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.

RENSEIGNEZ-VOUS SUR LES SERVICES DE CNW

Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.