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

January 31 2018

Related Articles

January 11 2018
Universal mCloud's technology set services some of the biggest companies in the world
March 29 2017
This week the firm has bolstered its coffers to the tune of over $20mln via a now closed bought deal financing.
May 17 2017
In 2016, Pioneering's market capitalization increased by 1,170% and its share price appreciated by 725%.
Copyright ©, 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