Lignol announces private placement financing goal of $4m

In Canada, Lignol announces a Private Placement Financing goal of $4.0 million by December 7th. The financing allows the company to issue all $4m in stock after the sale is complete; if the financing at $0.15/ unit is unsuccessful, Lignol has authorized Canaccord to sell up to 10,000,000 units. Wasabi Energy will convert their holdings into stock at the end of the period, as well, allowing up to $4 million in new units and up to $2,245,770 worth of units converted from loans into stock.

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