Jan 28 (Reuters) - Orbite Technologies Inc ORT.TO :
* Announces bought deal financing
* Underwriter has agreed to buy on a bought deal basis 4,000 units of the
company at a price of $1,000 per unit
* To use net proceeds to advance engineering and cost estimate for increasing
production capacity ofhpa plant to 5 tonnes per day
* Also to use proceeds to commence preliminary engineering for conversion of
alumina extraction unit to chloride-based technology
* Source text for Eikon ID:nCCNbP9Psr
* Further company coverage ORT.TO