- Zedcor has closed a private placement for gross proceeds of $2,616,965
- The company issued 5,233,930 units at a price of $0.50 per unit
- Net proceeds will be used primarily to support growth initiatives and general working capital
- Zedcor Inc. is a Canadian corporation engaged in providing technology-based security & surveillance services
- Zedcor Inc. (ZDC) opened trading at C$0.42 per share
Zedcor (ZDC) has closed a private placement for gross proceeds of $2,616,965.
The company issued 5,233,930 units at a price of $0.50 per unit. Each unit consists of one common share and one-half of one share purchase warrant. Each whole purchase warrant entitles the holder to acquire one additional common share at a price of $0.70 for a period of two years.
The offering was led by Paradigm Capital Inc. and Canaccord Genuity Corp. Zedcor paid the Agents a cash commission of $181,357.20.
Common shares and warrants will be subject to a statutory hold period.
Net proceeds will be used primarily to support growth initiatives, reduce indebtedness under its credit facility which was incurred to expand its fleet of MobileyeZ security towers, and for general working capital.
Zedcor Inc. is a Canadian corporation engaged in providing technology-based security & surveillance services.
Zedcor Inc. (ZDC) opened trading at C$0.42 per share.