Million-Dollar Proposed Private Placement for Memex Automation to Capitalize on Expanding Demand for MERLIN Machine Connectiv...
2014年1月16日 - 7:50AM
Marketwired
Million-Dollar Proposed Private Placement for Memex Automation to
Capitalize on Expanding Demand for MERLIN Machine Connectivity
BURLINGTON, ON--(Marketwired - Jan 15, 2014) - Astrix Networks
Inc., operating as Memex Automation (TSX-VENTURE: OEE) ("Astrix,"
"Memex" or the "Company"), proposes to complete a non-brokered
private placement of common shares and units to raise gross
proceeds of up to $1,000,000 (the "Private Placement").
The Company may issue up to 6,028,357 common shares and up to
1,114,500 units at a price of $0.14 each. Each unit is comprised of
one common share in the capital of the Company (a "Common Share")
and one warrant (a "Warrant"). Each Warrant entitles the
holder to purchase one Common Share at a price of $0.145 per share
at any time prior to 4:00 p.m. (Calgary time) on the date that is
twenty-four months following the closing date of the Private
Placement.
"Frost & Sullivan awarded MERLIN its 2013 Technology
Innovation Leadership Award. Mazak, North America's largest
original equipment manufacturer of machine tools, purchased MERLIN
to manage its 800,000 square foot plant and now offers it on its
price list. And Microsoft has picked MERLIN to be its
mid-market ERP machine connectivity solution," said Dave McPhail,
CEO of Memex Automation. "This has created a robust sales pipeline
and additional funds are needed to capitalize on the rapidly
expanding opportunity for MERLIN's ability to bring the industrial
internet transformation from the shop floor to the top floor.
Machine-to-machine (M2M) connectivity and plant-wide data
intelligence is now a reality with MERLIN."
The Common Shares and Warrants issued in connection with the
Private Placement will be subject to a four-month hold period from
the closing date, as prescribed by the TSX Venture Exchange and
applicable securities laws. The Private Placement may close in
one or more tranches. The closing of the Private Placement is
subject to receipt of subscription agreements from suitable
investors and receipt of TSX Venture Exchange approval.
About Memex Automation
Memex Automation is the leader of the measurement of Overall
Equipment Effectiveness ("OEE") in real-time. OEE is the
measurement of plant-wide capacity utilization. MERLIN
(Manufacturing Enterprise Real-time Lean Information Network)
generates OEE enterprise-wide, machine by machine. For more
information on MERLIN, please visit: www.memex.ca.
"Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release."
Sales: John Rattray Vice-President Sales 905-635-0590 Email
Contact Investors: Thomas Smeenk VP Business Development
905-536-3138 Email Contact Media: Leanne Rattray Marketing
905-635-1540 ext. 103 Email Contact
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