BluMetric Environmental Inc. (“BluMetric” or the “Company”) (TSXV:BLM, OTCQX:BLMWF) is pleased to announce that it has closed its previously announced and oversubscribed brokered private placement, with Clarus Securities Inc. as sole agent (“Clarus” or the “Agent”), conducted under the Listed Issuer Financing Exemption (as defined herein) (the “Offering”), and has also closed its concurrent non-brokered private placement (the “Concurrent Offering”).
“We would like to thank all the participants in this oversubscribed financing for their continued support and belief in BluMetric,” said Scott MacFabe, CEO of BluMetric. “This is the first equity raise by the Company in over ten years and marks a new chapter in our journey. The capital infusion will strengthen our balance sheet and provide more flexibility as we execute our long-term growth strategy.”
The Offering comprised the issuance by the Company of 4,375,000 common shares (the “Offered Shares”) at a price of $0.80 per share, for aggregate gross proceeds of $3,500,000.
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