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Warrant Symbol - DDY.WT
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Warrants called to trade news:
 
Lor completes QT with Time Industrial and Malibu

2005-08-03 15:24 MT - News Release
Lor Capital Inc. has closed its qualifying transaction with Time Industrial Inc., Malibu Engineering & Software Ltd., and all of the securityholders of Time and Malibu, in accordance with the policies of the TSX Venture Exchange. Malibu is a private Calgary-based enterprise software company that provides workflow automation applications and services that enable companies to more efficiently manage the life cycle of their resource assets. Time is a private Edmonton-based company offering a software-based solution for cost and progress management of third party contractors.

Pursuant to the qualifying transaction, Lor has changed its name to Decision Dynamics Technology Ltd. (DDTL) and consolidated its share capital on a 1:3.0435 basis. A total of 32,456,271 common shares of DDTL, on a postconsolidation basis, were issued to the securityholders of Time and Malibu.

Concurrently with the closing of the qualifying transaction, DDTL completed a public offering of units in the amount of $8.5-million at a price of 55 cents per unit. Each unit consists of one common share of DDTL and one-half of a common share purchase warrant. Each whole warrant entitles the holder to purchase one common share of DDTL for a period of 18 months at a price per share of 70 cents. Canaccord Capital Corp. and Wellington West Capital Inc. acted as agents for the concurrent public offering. The agents received cash compensation equal to 8 per cent of the gross proceeds of the offering, excluding proceeds from lead orders in the total amount of $2.5-million. The agents also received an 18-month option to purchase, in total, 872,727 common shares of DDTL at a price per share of 55 cents.

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