Zedcor Energy Inc (TSE:ZDC) has released an update.
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.
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