Zedcor Energy Inc (TSE:ZDC) has released an update.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Zedcor Inc. has successfully completed a substantial capital raise through a $5 million bought deal offering and a $10 million concurrent private placement, totaling $15 million in gross proceeds. The funds will fuel the expansion of Zedcor’s MobileyeZ security towers, particularly to support its growing U.S. operations, and will also be allocated to capital expenditures, working capital, debt repayment, and general corporate needs. The transaction, which involved major underwriters, has been carried out with a 7% commission to the underwriters and is pending final approval from the TSX Venture Exchange.
For further insights into TSE:ZDC stock, check out TipRanks’ Stock Analysis page.