Liberty Defense Closes First Warrant Offering

Liberty Defense Holdings (TSE:SCAN) has released an update.

Liberty Defense Holdings Ltd. has successfully closed the first tranche of its special warrant offering, raising around $697,550 by issuing 4,650,000 special warrants at $0.15 each. These warrants will convert into company units, comprising a share and a purchase warrant, allowing the holder to buy another share at $0.20 within a three-year period. The conversion of these special warrants will happen automatically, either upon the filing of a prospectus supplement or after four months and a day from the offering’s close.

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