- Sensor Technologies (SENS) has closed a private placement for gross proceeds of $530,000
- The company issued 10,600,000 units at a price of $0.05 per unit
- Net proceeds will be used primarily for the acquisition of securities of Blockchain Assets Management Group Limited
- Sensor Technologies develops asset health monitoring sensor systems for the oil and gas industry
- Sensor Technologies Inc. (SENS) opened trading at C$0.005
Sensor Technologies (SENS) has closed a private placement for gross proceeds of $530,000.
The company issued 10,600,000 units at a price of $0.05 per unit. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to acquire one additional share at a price of $0.08 at any time until June 27, 2024.
Net proceeds will be used for the acquisition of securities of Blockchain Assets Management Group Limited and general corporate purposes.
All securities issued are subject to a statutory four-month hold period.
Sensor Technologies develops asset health monitoring sensor systems for the oil and gas industry. The company’s FT fiber optic sensor and corrosion monitoring systems allow 24/7 remote monitoring capabilities to improve maintenance operations, avoid unnecessary shutdowns, and prevent accidents and leaks.
Sensor Technologies Inc. (SENS) opened trading at C$0.005.
