QYOU Media To Conduct $5.0 Million Bought Deal Financing

QYOU Media (TSXV: QYOU) this evening announced that it is conducting a bought deal financing. Lead by Canaccord Genuity and Gravitas Securities, the financing will see the company raise gross proceeds of $5.0 million.

Under the terms of the financing, the company will look to sell 17.9 million units of the company at a price of $0.28 per unit. Each unit is to contain one common share and one half of a common share purchase warrant. Each warrant is valid for a period of two years and contains an exercise price of $0.45 per share.

An over-allotment option has also been granted in connection with the financing.

Net proceeds from the financing are to be used to support the expansion and the growth of distribution contracts, ad sales, content licensing and branding efforts in India. Proceeds will also be used for working capital and general corporate purposes.

QYOU Media last traded at $0.345 on the TSX Venture.


FULL DISCLOSURE: QYOU Media is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover QYOU Media on The Deep Dive, with The Deep Dive having full editorial control. Additionally, the author personally holds shares of the company. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

One Response

Video Articles

Mergers Set the Stage for Uranium’s Growth Cycle | Forum-Baselode Merger

The Goal is Gold Production as Soon as Possible! | Gordon Robb – ESGOLD Corp.

Snowline Gold: The Multi Billion Dollar Valley PEA

Recommended

First Majestic Produces 7.9 Silver Equivalent Ounces In Q2, Lifts Production Guidance

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

Related News

QYOU Media Appoints Simran Hoon As Inaugural CEO Of The Q India

QYOU Media (TSXV: QYOU) is looking to bolster its leadership team following the recent breakout...

Wednesday, April 28, 2021, 08:27:16 AM

QYOU Media: At The Forefront Of The Influencer Marketing Trend

The influencer marketplace is something to behold. On Instagram alone, the market size, as per...

Sunday, October 25, 2020, 01:59:00 PM

QYOU Enters Collaboration With Chingari, The TikTok Of India

QYOU Media (TSXV: QYOU) this morning announced that it has entered into a collaboration with...

Thursday, October 1, 2020, 09:17:00 AM

QYOU Media Hits Monetization With Initial Orders From Leading Brands

Monetization has finally arrived for QYOU Media (TSXV: QYOU). The company this morning announced that...

Thursday, January 21, 2021, 08:50:16 AM

QYOU Media: Growth To Continue Into 2022 – The Daily Dive

On this Daily Dive episode, Cassandra is joined once again by Curt Marvis, CEO and...

Thursday, December 23, 2021, 01:30:00 PM