BRIEF-Acceleware reports proposed private placement

Thu Sep 22, 2016 5:54pm EDT
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Sept 22 (Reuters) - Acceleware Ltd :

* May issue up to about 18.2 million units at a price of $0.11 per unit

* Says co proposes to complete a non-brokered private placement of units to raise gross proceeds of up to $2,000,000

* To use proceeds to continue to develop and field test its radio frequency RF XL heavy oil and oil sands extraction technology Source text for Eikon: Further company coverage: