Sunlight

Sunlight - Counter probably just giving back some of its gains, after the counter's recent stellar rise. Recall the Counter has shot up 243% since the company announced that they entered into the placement agreement with UOB Kay Hian Pte Ltd and Canaccord Genuity Singapore Pte. Ltd. on 3 Apr. Placement was for 130m new shares, if fully issued, will represent approximately 49.8% of the total number of issued shares. The placement price of $0.038/ share represents a discount of approximately 5.0% to the last close on 27 Mar of $0.04/ share. Placement proceeds of up to $4.94m will be used to fund possible acquisitions and/or investments when opportunities arise (80% of proceeds), and general working capital purposes (20%). Canaccord Genuity is the global capital markets division of Canaccord Financial Inc. (listed in both Toronto Stock Exchange and London Stock Exchange), offering institutional and corporate clients idea-driven investment banking, research, sales and trading services. Canaccord Genuity is a global, full-service investment bank focused on growth companies, with operations in 12 countries worldwide and the ability to list companies on 10 stock exchanges.