• ScreenPro Security (SCRN) has announced a non-brokered private placement financing for gross proceeds of up to $1,000,000
  • The company will issue up to 20 million units for $0.05 per unit
  • The gross proceeds will be used for general working capital
  • The offering is expected to close on or about November 17, 2022
  • ScreenPro is a medical technology company
  • ScreenPro (SCRN) opened trading at C$0.025

ScreenPro Security (SCRN) has announced a non-brokered private placement financing for gross proceeds of up to $1,000,000.

The company will issue up to 20 million units for $0.05 per unit. Each unit will consist of one common share and one share purchase warrant. Each warrant will entitle the holder to acquire one additional share for a period of eighteen months.

The gross proceeds will be used for general working capital, growth, expansion, and general corporate purposes.

ScreenPro may pay a cash finders’ fee.

The offering is expected to close on or about November 17, 2022.

All securities issued will be subject to a statutory four-month hold period.

ScreenPro is a medical technology company that provides turnkey screening solutions with its proprietary medical alerting software. ScreenPro also recently introduced Naturevan Nutrition Ltd. to its portfolio, providing vitamins and supplements that are made in Canada and distributed for sale online.

ScreenPro (SCRN) opened trading at C$0.025.


More From The Market Online

Canadian quantum computing company signs industrial-scale deal

Canadian quantum computing company Xanadu partners with EV Group to accelerate the scaling of photonic quantum systems.

The nature of oil shocks and how to invest to avoid them

In this article, we'll discuss the nature of oil shocks, pinpointing how to invest to foster a more sustainable energy supply chain.

Cannabix delivers marijuana breath test to Eastern Canada workplace testing clinic

Cannabix Technologies (CSE:BLO) delivered its Marijuana Breath Test devices to a workplace drug and alcohol testing clinic in eastern Canada.

Loblaw taps Canadian company to scale AI operations

Grocery giant Loblaw (TSX:L) partners with Shakudo, a Canadian technology firm, to better align itself with the benefits of AI.