Proactive Investors - Run By Investors For Investors

Smart Employee Benefits closes funding round; raises C$890,000

The company said proceeds will be used for debt repayment and general working capital purposes
fingers typing on keyboard
The company supplies software, solutions and services to a Canadian and global client base

Tech group Smart Employee Benefits Inc (CVE:SEB) announced Friday is has closed its funding round, raising gross proceeds of C$892,250.

The company said funds raised will be used for repayment of debt and general working capital purposes.

Under the offering, 4.15 million units were issued at a price of C$0.21.5 cents per unit, with each unit consisting of one SEB share and one common share purchase warrant of the company.

READ: Smart Employee Benefits says benefits division is showing steady improvement

Each warrant is exercisable into one common share of the company at a price of C$0.30 cents per share for two years from the date of issuance

The securities issued in connection with the offering will be subject to a four-month hold period, which will expire on May 10, 2019.

Shares of Smart Employee Benefits were at C$0.23 on Friday. 

 

Contact Katie Lewis at [email protected]
Follow her on Twitter: @kelewis

View full SEB profile View Profile

Smart Employee Benefits Timeline

Related Articles

Dancing Sikh
April 12 2018
With 4bn tickets sold each year for Bollywood films, it is little wonder that India is taking an interest in GrooveME's hologram technology but that same technology can bring a bit of India to places such as Thetford
Internet address bar
February 15 2019
In a February trading update, the firm said it had delivered a “strong” performance in 2018 with revenues for the year expected to be around £42.5mln compared to £24.3mln the year before
Cloudbuy's online purchasing portal
April 18 2018
"We remain convinced that we have a unique product and a great partner in NHS Shared Business Services to maximise the roll-out of PHB's and Integrated Commissioning across Health and Social Care," the company said.

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use