By Sheri Kasprzak
Atlanta, Dec. 23 - RDM Corp. said it has raised C$1.4 million in a private placement.
The company sold 1.4 million shares at C$1 each to Dynamic Venture Opportunities Fund.
The investor also received warrants for 700,000 shares at C$1.35 each for two years.
Waterloo, Ont.-based RDM provides electronic check processing services.
| Issuer: | RDM Corp.
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| Issue: | Stock
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| Amount: | C$1.4 million
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| Shares: | 1.4 million
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| Price: | C$1.00
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| Warrants: | For 700,000 shares
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| Warrant expiration: | Two years
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| Warrant strike price: | C$1.35
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| Investors: | Dynamic Venture Opportunities Fund
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| Settlement date: | Dec. 23
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| Stock price: | C$0.93 at close Dec. 23
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