"Merlin Software Technologies, a leading developer of Linux
based software applications and utilities, today announced the
completion of a private placement."
"Under the terms of the placement Merlin sold an aggregate of US
$2.1 million in Convertible Notes and 1,520,000 Share Purchase
Warrants. $1.1 million was advanced to the company at closing and a
further $1.0 million is due seven trading days after the
effectiveness of a registration with the SEC."
"The registration statement will qualify the resale of the
shares of the Company's common stock, issuable upon the conversion
of the Convertible Notes and the exercise of the Share Purchase
Warrants. The funding of the second tranche is subject to certain
conditions as set out in the Note and Warrant Purchase
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