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Magor Corp Announces Brokered Private Placement


Thursday, 12 Sep 2013 05:30pm EDT 

Magor Corp announced that it intend to raise up to $2,000,000 by way of private placement of up to 6,666,666 units (the Units), with the ability to increase at Company's discretion. Each unit will be priced at $0.30 and consist of one common share and one common share purchase warrant. Each common share purchase warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.60 for a period of three years from the date of issue. The syndicate, led by Jacob Securities Inc. and which includes Macquarie Private Wealth Inc. (the Syndicate), is offering the Units on a "best efforts" basis. Magor intends to use the gross proceeds from the offering to accelerate the growth opportunity associated with the Company's Aerus cloud-based video collaboration solutions, which will be fully launched this fall. The Company may consider additional financing to accelerate the growth of Aerus. 

Company Quote

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15 Oct 2014