Press release published by: https://www.storagenewsletter.com/
This is a Press Release edited by StorageNewsletter.com on 2017.09.25
Source URL: https://www.storagenewsletter.com/2017/09/25/leonovus-closes-1-5-million-financing/
LeoNovus Inc. closed a $1,500,000 financing by way of a non-brokered private placement for 30,000,000 units of the company at a price of CDN$0.05 per unit.
Each unit is one common share in the capital of the company and one common share purchase warrant. Each warrant is exercisable into one common share at a price of CDN$0.075 per common share for 18 months from the closing date of the offering. The TSXV granted conditional approval for this financing on September 19, 2017.
Calsoft Whitepaper: Proliferation Of Cloud Integrated Storage (CIS)
“The proceeds will be allocated towards working capital, sales and a significant amount of the proceeds towards our Blockchain initiatives to enhance our powerful security and compliance solution for bulk and archival data, which makes the total Leonovus solution even more attractive to our customers,” said Michael Gaffney, chairman and CEO.
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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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