Sign up USA
Proactive Investors - Run By Investors For Investors

Universal mCloud closes private placement

The group aims to use the net proceeds for its recently announced merger and acquisition activities, strategic market expansion, and for working capital
Canadian dollars
Each unit consists of one common share of the company and one-half of one common share purchase warrant of the company

Internet of Things and the cloud solutions provider Universal mCloud Corp (CVE:MCLD) has closed its previously announced non-brokered private placement.

In all, the company issued just over 6mln units at 35 cents per unit to raise in the region of C$2.1mln.

READ: Universal mCloud set for C$2.1mln raise

All securities issued by the company under the offering are subject to a statutory four-month hold period, in accordance with applicable securities legislation.

View full MCLD profile View Profile

Universal mCloud Corp Timeline

Related Articles

Empty meeting room
March 06 2018
The company's eponymous flagship product is not the only remote meetings enabler out there, but judging by the company's rapid growth, it is one of the best
Flow chart of the Hazer Process
March 21 2018
The Hazer Process could disrupt the $100 billion hydrogen production market.
Digital marketing
May 03 2018
Lots of marketing groups have pursued a 'buy and build' strategy and have become cumbersome as a result; Be Heard puts the emphasis on maintaining agility
Copyright © Proactiveinvestors.com, 2018. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use