CROP Infrastructure (CNSX:CROP) has closed the previously announced non-brokered private placement.
The placement raised C$4.35mln (gross) and involved the issue of 10.87mln units at C$0.40.
Each unit consists of one common share of CROP and one-half-of-one common share purchase warrant where each whole warrant entitles the holder to purchase one additional common share at an exercise price of C$0.55 per warrant share for a period of eighteen months following the date of issuance.
The company also announced that Twila Jensen has joined the board of directors.
Jensen is a senior capital markets strategists with Stockhouse.com and acts as an independent director for two other TSX Venture Exchange-listed companies: Durango Resources and BTU Metals.
She has more than 18 years of experience working in the capital markets within sales and marketing roles, as an independent director and also part of audit committees.