Lifespeak, Inc. (TSE:LSPK) has released an update.
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LifeSpeak Inc. has announced a $5 million non-brokered private placement of common shares to reduce debt and comply with financial covenants. The placement involves over 8 million shares, priced according to the market’s five-day volume weighted average, with significant insider participation. The company seeks TSX exemption to surpass insider participation limits, citing serious financial difficulty.
For further insights into TSE:LSPK stock, check out TipRanks’ Stock Analysis page.