November 3, 2016 / 12:22 PM / in 10 months

BRIEF-Napec says acquisition of assets of Percent Contracting

Nov 3 (Reuters) - Napec Inc -

* Napec inc-net proceeds received from sale of subscription receipts issued under offering will be used to pay a portion of acquisition price of assets

* Napec- entered into agreement to sell 15.5 million subscription receipts of corporation at a price of $0.97 per subscription receipt

* Napec inc. Announces the acquisition of the assets of percent contracting llc, a $15.0 million bought deal public offering and a $8.0 million private placement Source text for Eikon: Further company coverage:

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