Zedcor Energy Inc (TSE:ZDC) has released an update.
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Zedcor Inc. has announced a $4 million bought deal offering and a $10 million private placement to fund the expansion of its MobileyeZ security towers and for general corporate purposes. The offerings, which are expected to close by May 16, 2024, include an option for underwriters to purchase additional shares, potentially increasing the proceeds. These strategic financial moves aim to capitalize on the strong demand from the company’s US operations.
For further insights into TSE:ZDC stock, check out TipRanks’ Stock Analysis page.