CYMAT TECHNOLOGIES Aktie

Cymat Technologies announced an unbrokered private placement of approximately $1.55 million consisting of 11,934,615 units at $0.13 each, each unit comprising one common share and a warrant to purchase an additional share at $0.18 within 24 months. The transaction is subject to approval by the TSX Venture Exchange; insiders are not participating and no finder's fees will be paid. Proceeds will be used for capital equipment as part of a strategic business development initiative and for working capital. Cymat also entered a partnership with a global tier‑1 automotive supplier to develop lightweight, energy‑absorbing components. » Más en de.investing.com

Cymat has completed a non‑brokered private placement raising gross proceeds of US$1,499,500, issuing 11,534,615 common shares and an equal number of warrants at US$0.13 per unit; warrant exercise price US$0.18, exercisable within 24 months. Proceeds will fund capital equipment to support a strategic business development initiative and working capital, including to pursue a business opportunity announced with Rio Tinto Alcan and to finance automotive initiatives. The securities issued are subject to a four‑month hold period and the transaction is conditional on approval by the TSX Venture Exchange; Cymat has recorded a 123% share price increase over six months. » Más en de.investing.com