TSXV:POI.H - Post by User
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terrycarteron May 14, 2015 9:33am
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Bought deal officially closed
Bought deal officially closedhttps://www.benzinga.com/pressreleases/15/05/m5510470/slyce-inc-closes-8-7-million-bought-deal-financing
TORONTO, ONTARIO--(Marketwired - May 14, 2015) -
Editors Note: There is a video associated with this press release.
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
Slyce Inc. (TSX VENTURE:SLC) ("Slyce" or the "Company") is pleased to announce that it has closed its previously announced bought deal financing of 18,860,000 common shares at a price of $0.46 per common share, which includes the over-allotment option granted by the Company to the Underwriters (as defined below) to purchase an additional 2,460,000 common shares for aggregate gross proceeds of $8,675,600. The syndicate of underwriters for the offering was co-led by Salman Partners Inc. and Beacon Securities Limited, and included PI Financial Corp. (collectively, the "Underwriters").
"We've seen visual search now undoubtedly reach that point of critical mass where almost every major retailer is looking to integrate the technology into their ecommerce apps and offer that anytime, anywhere, seamless 'Snap-to-buy' experience to their customers," said Slyce CEO, Mark Elfenbein. "This latest round of financing is highly-significant to the organization as it enables us to take full advantage of this appetite in the market and increase our ability to efficiently onboard the world's largest retailers."
The securities described above were offered pursuant to a short form prospectus (the "Prospectus") dated May 8, 2015, filed with securities regulatory authorities of Alberta, British Columbia, and Ontario. The Prospectus and other documents filed by the Company and referred to therein are available under the Company's profile on SEDAR at www.sedar.com.
The securities offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.
Read more: https://www.benzinga.com/pressreleases/15/05/m5510470/slyce-inc-closes-8-7-million-bought-deal-financing#ixzz3a7TkwUyt