Novra Technologies (TSE:NVI) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Novra Technologies Inc. has secured a convertible loan agreement worth over $12 million from a US-based private investment group, with a conversion option at $0.34 per share. The funds will be utilized to settle the company’s liabilities and boost working capital to enhance product lines and pursue market expansion. The deal is contingent on approval from the TSX Venture Exchange and potentially Novra’s shareholders.
For further insights into TSE:NVI stock, check out TipRanks’ Stock Analysis page.