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Boardwalktech Software Announces Upsizing to Previously Announced Private Placement to $8,000,000
Boardwalktech Software Announces Upsizing to Previously Announced Private Placement to $8...
About this update from Boardwalktech Software Corp.
[{"type":"text","content":"\n \n \n \n Boardwalktech Software Announces Upsizing to Previously Announced Private Placement to $8,000,000\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 \n \n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWS WIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n CUPERTINO, Calif.\n \n ,\n \n Jan. 11, 2021\n \n /CNW/ - (TSXV:BWLK) (OTCQB:BWLKF) Boardwalktech Software Corp. (the \"\n \n Company\n \n \" or \"\n \n Boardwalktech\n \n \") is pleased to announce that it has upsized its previously announced brokered private placement for gross proceeds of approximately\n \n C$5,000,000\n \n (the \"\n \n Initial Offering\n \n \"). The Company has upsized the Initial Offering to gross proceeds of up to approximately\n \n C$8,000,000\n \n to accommodate investor demand (the \"\n \n Offering\n \n \"). Echelon Wealth Partners Inc. (the \"\n \n Agent\n \n \") will act as Agent and sole bookrunner for the Offering.\n \n \n The upsized Offering will consist of up to 11,429,000 units of the Company (each, a \"\n \n Unit\n \n \", and collectively the \"\n \n Units\n \n \") at a price of\n \n C$0.70\n \n per Unit (the \"\n \n Offering Price\n \n \"). Each Unit consists of one Common Share (each, a \"\n \n Common Share\n \n \", and collectively the \"\n \n Common Shares\n \n \") and one-half of one Common Share purchase warrant (each whole warrant, a \"\n \n Warrant\n \n \" and collectively the \"\n \n Warrants\n \n \"). Each Warrant entitles the holder thereof to acquire one Common Share at a price of\n \n C$0.90\n \n per Common Share for a period of 24 months from the closing date of the Offering.\n \n \n The Company has granted the Agent an option to increase the size of the Offering by up to 25%, exercisable in the discretion of the Agent, in whole or in part, at any time up to 48 hours prior to the final closing date of the Offering.\n \n \n The Company will pay a cash commission to the Agent equal to 8.0% of the aggregate gross proceeds of the Offering (4.0% from the sal...