$ESE Announcement $ESE announced that it has entered into an agreement with Canaccord Genuity Corp. as sole bookrunner and lead underwriter, pursuant to which the lead underwriter has agreed, on behalf of a syndicate of underwriters, to purchase, on a "bought deal" basis pursuant to the filing of a short form prospectus, an aggregate of 5,360,000 units of the Company at a price of $1.40 per Unit for aggregate gross proceeds to the Company of $7,504,000. Each Unit shall consist of one common share of the Company and one Common Share purchase warrant. Each Warrant shall entitle the holder thereof to acquire one Common Share at an exercise price of $1.95 per Common Share for a period of 24 months from the closing date.
The net proceeds of the Offering will be used for business development, general working capital, and other general corporate purposes.
Though stagnant recently, great news for $ESE moving forward, current MC is $70.12M.
More here
https://www.newswire.ca/news-releases/ese-announces-7-5-million-bought-deal-financing-890055928.html