Proactive Investors - Run By Investors For Investors

Smart Employee Benefits closes funding round; raises C$890,000

The company said proceeds will be used for debt repayment and general working capital purposes
fingers typing on keyboard
The company supplies software, solutions and services to a Canadian and global client base

Tech group Smart Employee Benefits Inc (CVE:SEB) announced Friday is has closed its funding round, raising gross proceeds of C$892,250.

The company said funds raised will be used for repayment of debt and general working capital purposes.

Under the offering, 4.15 million units were issued at a price of C$0.21.5 cents per unit, with each unit consisting of one SEB share and one common share purchase warrant of the company.

READ: Smart Employee Benefits says benefits division is showing steady improvement

Each warrant is exercisable into one common share of the company at a price of C$0.30 cents per share for two years from the date of issuance

The securities issued in connection with the offering will be subject to a four-month hold period, which will expire on May 10, 2019.

Shares of Smart Employee Benefits were at C$0.23 on Friday. 

 

Contact Katie Lewis at [email protected]
Follow her on Twitter: @kelewis

View full SEB profile View Profile

Smart Employee Benefits Timeline

Related Articles

Cloud computing
January 02 2019
Annualised recurring revenues at the firm rose 3% to £54.8mln in the 12 months to the end of September 2018 compared to the year ago period
Dancing Sikh
April 12 2018
With 4bn tickets sold each year for Bollywood films, it is little wonder that India is taking an interest in GrooveME's hologram technology but that same technology can bring a bit of India to places such as Thetford
US dollars
January 14 2019
The growing company’s share price gained 90% last week on news of the cash injection.
Copyright © Proactiveinvestors.com, 2019. 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