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Boardwalktech Closes $1.3 Million Non-Brokered Private Placement
Boardwalktech Closes $1.3 Million Non-Brokered Private Placement Canada NewsWir...
About this update from Boardwalktech Software Corp.
[{"type":"text","content":"\n \n \n \n Boardwalktech Closes $1.3 Million Non-Brokered Private Placement\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n CUPERTINO, Calif., Nov. 9, 2020\n \n \n \n \n \n Company also completes amendment and maturity extension to loan facility\n \n \n \n \n CUPERTINO, Calif.\n \n ,\n \n Nov. 9, 2020\n \n /CNW/ - (TSXV: BWLK) (OTCQB: BWLKF) – Boardwalktech Software Corp. (\"Boardwalktech\" or the \"Company\"), a leading digital ledger platform and enterprise software solutions company, is pleased to report that it has closed a non-brokered private placement of units (each, a \"Unit\") at a price of\n \n C$0.50\n \n per Unit, for gross proceeds of\n \n C$1,259,400\n \n or approximately\n \n US$962,208\n \n , for a total issuance of 2,518,800 Units (the \"Offering\"). Each Unit is comprised of one common share and one half of one common share purchase warrant of the Company. Each whole warrant is exercisable at a price of\n \n C$0.70\n \n per share for a period of 24 months following the closing of the Offering and will be subject to early redemption by the Company if the trading price of the common shares of the Company on the TSX Venture Exchange (the \"TSXV\") is greater than\n \n C$1.10\n \n for 10 consecutive trading days. The Company paid aggregate finders' fees of\n \n C$84,658\n \n and issued 169,316 finders' common share purchase options with a term of 2 years and an exercise price of\n \n C$0.50\n \n per common share to compensate finders who introduced purchasers under the Offering.\n \n \n The Company intends to use the proceeds from the Offering for general corporate purposes plus the expansion and support of their sales and marketing initiatives.\n \n \n The securities issued under the Offering will be subject to a four-month hold period in accordance with applicable securities regulations. The Offering is subject to TSXV final approval.\n \n \n \"We are grateful for the support shown by both new and existing investors and our debt partner SQN Venture Income Fund for providing ...