Eloda announces C$15 million private placement of shares

By Laura Lutz

Des Moines, April 11 - Eloda Corp. plans to conduct a private placement of shares for up to C$15 million.

Detailed terms of the offering were not announced.

Research Capital Corp. will act as agent for the deal.

Proceeds will be used to purchase additional capture stations and to fund the company's U.S. expansion as well as for working capital.

Based in Montreal, Eloda provides services to verify television advertising occurrence.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.