NUVO Network Management enters market with C$6 million private placement

By Sheri Kasprzak

Atlanta, Oct. 25 - NUVO Network Management Inc. said Monday it plans to enter the private placement market with a C$6 million offering.

Harris Partners Ltd. and GMP Securities Ltd. will act as placement agents in the deal, which is being conducted on a best-efforts basis.

Details of the deal will be announced at a later date, according to the company.

NUVO, based in Ottawa, Ontario, is an internet technology infrastructure company. It plans to use the proceeds from the financing to fund growth and make future acquisitions.

NUVO's stock closed unchanged at C$0.17 Monday.

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