- MediaValet Inc. (MVP) has closed a non-brokered private for gross proceeds of $3,500,010
- The oversubscribed offering consisted of 2,692,315 units at a price of $1.30 per unit
- The net proceeds received will be used for general working capital
- MediaValet develops and delivers enterprise cloud software
- MediaValet Inc. (MVP) opened trading at C$1.19
MediaValet Inc. (MVP) has closed a non-brokered private for gross proceeds of $3,500,010.
The oversubscribed offering consisted of 2,692,315 units at a price of $1.30 per unit. Each unit consisted of one common share and one purchase warrant. Each warrant entitles the holder to acquire one additional share at a price of $1.50 for a period of 36 months.
Warrants are subject to an acceleration clause.
The net proceeds received will be used for general working capital.
All securities issued are subject to a statutory four-month hold period of four months.
MediaValet develops and delivers enterprise cloud software. It manages high-value media assets for SMB, mid and enterprise organizations across a wide variety of industries, including manufacturing, healthcare, media and entertainment, high-tech, natural resources, retail, travel, and hospitality.
MediaValet Inc. (MVP) opened trading at C$1.19.
