Innovente Closes $2.3 M Private Placement, Appoints Interim CFO

By MT Newswires,  January 10, 2013, 09:33:01 AM EDT

Innovente Inc. (IGE.V) has closed its previously announced private placement of common shares at a price of $0.55 per Common Share for total gross proceeds of approximately $2,260,149.65.

Net proceeds will be used to complete the construction of the Saint-Patrice-de-Beaurivage project, to fund its working capital and for general corporate purposes.

Innovente has appointed Marjolaine Giasson as interim chief financial officer of the Company to replace Isabelle Jomphe, who, as previously announced, will resign as chief financial officer of the Company effective on January 31, 2013. Giasson, a Certified Public Accountant, CA, brings over 14 years of accounting and finance experience and has worked in both private practice and industry, including 5 years with a technology company.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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