Press release published by: https://www.storagenewsletter.com/
This is a Press Release edited by StorageNewsletter.com on 2017.12.11
Source URL: https://www.storagenewsletter.com/2017/12/11/leonovus-closed-1375-million-bought-deal/
Leonovus Inc. closed its previously announced bought deal short form prospectus offering, including the exercise of the underwriter’s over-allotment option.
In connection with the offering, the company issued 27,500,000 units of the company. The Units were sold at a price of $0.50 per unit for aggregate gross proceeds of $13,750,000. The offering was underwritten by a syndicate led by Clarus Securities Inc.
Calsoft Whitepaper: Proliferation Of Cloud Integrated Storage (CIS)
Each unit consisted of one common share in the capital of the company and one-half of one common share purchase warrant (each whole common share purchase warrant). Each warrant will entitle the holder thereof to acquire one common share of the company at a price of $0.65 per share until December 8, 2019.
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About Calsoft
Calsoft is a leading software product engineering services company specializing in Storage, Networking, Virtualization and Cloud business verticals. Calsoft provides End-to-End Product Development, Quality Assurance Sustenance, Solution Engineering and Professional Services expertise to assist customers in achieving their product development and business goals. www.calsoftinc.com
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