Post by
forrest6748 on Mar 26, 2021 9:56am
NEWS : Fortress Announces Closing of $9.3 Million
TORONTO, March 26, 2021 (GLOBE NEWSWIRE) -- Fortress Technologies Inc. (“Fortress” or the “Company”) (TSXV: FORT), is pleased to announce that it has closed the previously announced bought deal private placement offering for aggregate gross proceeds of $9.3 million, through Canaccord Genuity Corp. (the “Underwriter”) acting as lead underwriter and sole bookrunner, composed of the sale of 14,794,700 units (“Units”) of the Company at a price of C$0.63 per Unit (the “Unit Price”), which includes 2,794,700 Units issued pursuant to an option to purchase additional Units by the Underwriter, as previously announced.