CALGARY, Alberta, Nov. 10, 2022 (GLOBE NEWSWIRE) -- Acceleware Ltd. (TSXV:AXE, Financial) (“Acceleware” or the “Corporation”) announces that, on November 10, 2022, the Corporation closed the non-brokered private placement of units (the “Units”) that it previously announced on October 20, 2022 (the “Private Placement”). Each Unit consists of one common share of the Corporation (a “Common Share”) and one common share purchase warrant of the Corporation (a “Warrant”). Each Warrant entitles the holder of the Warrant to acquire one Common Share, at an exercise price of $0.36, for a period ending on November 10, 2024. In the event that the Common Shares trade at a closing price at or greater than $0.81 per Common Share for a period of thirty (30) consecutive trading days, Acceleware may accelerate the expiry date of the Warrants by giving notice to the holders thereof, and in such case, the Warrants will expire on the 30th day after the date on which such notice is given by Acceleware. Pursuant to the Private Placement, the Corporation distributed a total of 6,666,667 Units, at a price of $0.27 per Unit, for total gross proceeds of $1,800,000. There were no finders’ fees or commissions paid in connection with the Private Placement.
Acceleware Ltd. Announces Closing of Non-Brokered Private Placement of Units
Nov 11, 2022
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