• BuildDirect.com Technologies (BILD) has closed the first tranche of a non-brokered private placement for gross proceeds of $2,500,000
  • The company issued 5,434,785 common shares at $0.46 per share
  • BuildDirect expects to complete the private placement before October 14, 2022
  • BuildDirect is a growing omnichannel building material retailer
  • BuildDirect (TSXV: BILD) opened trading at C$0.52

BuildDirect.com Technologies (BILD) has closed the first tranche of a non-brokered private placement for gross proceeds of $2,500,000.

The company issued 5,434,785 common shares at $0.46 per share.

Net proceeds from the offering will be used for general working capital purposes.

BuildDirect expects to complete the private placement before October 14, 2022.

No bonus, finder’s fee, commission, agent’s option or other compensation is payable in connection with the offering.

Common shares issued are subject to a statutory four-month hold period ending on January 8, 2023.

BuildDirect is a growing omnichannel building material retailer. BuildDirect connects North American home improvement B2B and B2C organizations and homeowners with quality building materials and services through its robust global supply chain network. 

BuildDirect (TSXV: BILD) opened trading at C$0.52.


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