Nanalysis Scientific (TSXV: NSCI) is in search of funding. The firm last night announced that it is conducting a best efforts marketed public offering, the proceeds of which are to go towards sales and marketing.
Under the terms of the offering, the company is looking to raise up to $8.0 million via the sale of shares. Shares are priced at $1.10 per each, with no warrant being included within the offering.
An over-allotment option has also been granted, enabling the company to raise up to an additional 15%. The financing is currently slated to close by February 15.
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Proceeds from the capital raise are earmarked for sales and marketing, general and working capital purposes, as well as strategic acquisitions.
Nanalysis Scientific last traded at $1.25 on the TSX Venture.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
