Non-brokered financing offers shares at C$0.29 apiece, a 45% premium
By Devika Patel
Knoxville, Tenn., June 17 – MediaValet Inc. said it will conduct a C$2.2 million non-brokered private placement of stock with a 15% greenshoe.
The company will sell shares at C$0.29 per share, a 45% premium to the June 16 closing share price of C$0.20.
Proceeds will be used to build the company’s sales and marketing team, enhance its operational foundation and accelerate product development.
The provider of cloud-based digital asset management software is based in Vancouver, B.C.
| Issuer: | MediaValet Inc.
|
| Issue: | Common stock
|
| Amount: | C$2.2 million
|
| Greenshoe: | 15%
|
| Price: | C$0.29
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | June 17
|
| Stock symbol: | TSX Venture: MVP
|
| Stock price: | C$0.20 at close June 16
|
| Market capitalization: | C$17.83 million
|
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