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

Virtual Reality headset
May 02 2018
The integration of the group's Apollo 11 experience into the Oculus Go launch package has seen its share price rocket up over 40%
Apps on a smartphone
December 17 2018
“While this year our focus has very much been about developing our product, in the coming year the primary objective will be to increase revenues and margins,” chief executive Philip Marcella said
Cloudbuy's online purchasing portal
April 18 2018
"We remain convinced that we have a unique product and a great partner in NHS Shared Business Services to maximise the roll-out of PHB's and Integrated Commissioning across Health and Social Care," the company said.
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