- Danavation Technologies Corp. (DVN) has closed the first tranche of a non-brokered private placement of units for aggregate proceeds of $147,500
- Under the second tranche, Danavation issued 590,000 units at $0.25 per unit
- Proceeds will be used for working capital and for other general and administrative costs
- Danavation Technologies is a Canadian-based, Internet of Things (IoT) technology company
- Danavation Technologies Corp. (DVN) opened trading at C$0.24
Danavation Technologies Corp. (DVN) has closed the first tranche of a non-brokered private placement of units for aggregate proceeds of $147,500.
Under the first tranche, Danavation issued 590,000 units at $0.25 per unit. Each unit includes one common share and one-half of a share purchase warrant. Each whole warrant entitles the holder to acquire one additional common share for a period of two years.
All securities issued will be subject to a statutory four month hold period.
Proceeds will be used for working capital and for other general and administrative costs.
The company may close additional tranches, subject to regulatory approval.
Danavation Technologies is a Canadian-based, Internet of Things (IoT) technology company, providing micro e-paper displays to organizations across North America.
Danavation Technologies Corp. (DVN) opened trading at C$0.24.
