May 1, 2018 / 1:17 PM / 5 months ago

BRIEF-Universal mCloud Corp Announces Commencement Of Non-Brokered Private Placement To Support Recent China Market Expansion Initiative

May 1 (Reuters) - Universal mCloud Corp:

* UNIVERSAL MCLOUD CORP. ANNOUNCES COMMENCEMENT OF NON-BROKERED PRIVATE PLACEMENT TO SUPPORT RECENT CHINA MARKET EXPANSION INITIATIVE

* UNIVERSAL MCLOUD CORP - INTENDS TO USE NET PROCEEDS FROM OFFERING FOR ITS RECENTLY ANNOUNCED CHINA EXPANSION, RESIDUAL M&A ACTIVITIES

* UNIVERSAL MCLOUD - COMMENCING NON-BROKERED PRIVATE PLACEMENT OF UNITS OF MCLOUD AT $0.35 PER UNIT, FOR GROSS PROCEEDS OF UP TO $2 MILLION Source text for Eikon: Further company coverage:

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