NetworkNewsBreaks – Patriot One Technologies, In
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Posted On: 10/11/2017 7:22:43 PM
NetworkNewsBreaks – Patriot One Technologies, Inc. (TSX.V: PAT) (OTCQB: PTOTF) Enters $8.52M Bought Deal
Patriot One Technologies, Inc. (TSX.V: PAT) (OTCQB: PTOTF) this morning announced its entry into an agreement with a syndicate of underwriters led by Canaccord Genuity Corp. pursuant to which the underwriters will purchase an aggregate of 7.1 million units at a price of $1.20 per unit, providing for aggregate gross proceeds of $8.52 million to Patriot One. Each purchased unit will consist of one common share of the company and one half of one common share purchase warrant, exercisable for a period of 36 months following the close of the offering at an exercise price of $1.70 per warrant share. The offering is expected to close on October 31, 2017, subject to customary closing conditions and the approval of the TSX Venture Exchange. Per this morning’s update, Patriot One intends to use the net proceeds from this offering to fund its international expansion, effectively accelerating the deployment of its technology, as well as for working capital purposes.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Patriot One Technologies, Inc. (TSX.V: PAT) (OTCQB: PTOTF) this morning announced its entry into an agreement with a syndicate of underwriters led by Canaccord Genuity Corp. pursuant to which the underwriters will purchase an aggregate of 7.1 million units at a price of $1.20 per unit, providing for aggregate gross proceeds of $8.52 million to Patriot One. Each purchased unit will consist of one common share of the company and one half of one common share purchase warrant, exercisable for a period of 36 months following the close of the offering at an exercise price of $1.70 per warrant share. The offering is expected to close on October 31, 2017, subject to customary closing conditions and the approval of the TSX Venture Exchange. Per this morning’s update, Patriot One intends to use the net proceeds from this offering to fund its international expansion, effectively accelerating the deployment of its technology, as well as for working capital purposes.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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