Braille Energy Systems Inc (TSE:BES) has released an update.
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Braille Energy Systems Inc. has successfully completed a non-brokered private placement, raising $400,000 by selling over 4.4 million units at $0.09 each, to bolster operations and general working capital. The units, acquired by accredited investors including insiders, consist of common shares and warrants with the potential for expedited exercise under certain conditions. This strategic financial move is designed to reinforce Braille Energy Systems’ position in the lightweight battery and energy storage market.
For further insights into TSE:BES stock, check out TipRanks’ Stock Analysis page.