Sunday, June 1, 2025

Latest

Swarmio To Conduct Small Non-Brokered Financing

Swarmio Media (CSE: SWRM) last night announced it is looking to slightly boost its cash position. The firm is looking to conduct a $1.0 million private placement, which is reportedly to be led by insiders of the company.

The financing is to be conducted on a non-brokered basis, and will see the company sell a total of 10.0 million common shares at $0.10 per share. No warrant is to be included under the offering.

Proceeds from the financing are to be used for short term working capital as well as general working capital purposes. The funds are to be used to support its ongoing operations while it works towards bolstering revenues from recently revealed arrangements.

“Large telcos have recently partnered with Swarmio, leveraging our business proposition and technology so they can monetize gamers. We expect these partnerships to translate into revenue growth for Swarmio in the coming months and years. Following our successful telecom launch with Globe in the Philippines to their 85 million subscribers, we expect to continue to deploy the Ember platform in new regions with additional world-leading telcos this year,” said CEO Vijai Karthigesu.

It is presently unclear what insiders specifically are participating in the financing, or how much they’ll be contributing to the overall raise.

Swarmio Media last traded at $0.12 on the CSE.


FULL DISCLOSURE: Swarmio Media is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Swarmio Media on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.

Leave a Reply

Video Articles

Alamos Gold Q1 Earnings: The Inside Scoop

Cerrado Gold Q4 Earnings: The Turnaround is Working

B2GOLD Q1 Earnings: Revenue Up, Production & Cash Flow Decline

Recommended

Canadian Copper: The $172M Combined Strategy PEA

ESGold Begins Concentration Tests Ahead Of First Production

Related News

How Does Gaming Evolve From Here? – The Daily Dive

Today on The Daily Dive, we see the return on Vijai Karthigesu, founder and CEO...

Thursday, May 19, 2022, 01:30:00 PM

Swarmio Enters Distribution Agreement Focused On Africa, Latin America, Europe

Swarmio Media (CSE: SWRM) appears to be turning its attention to Africa and Latin America....

Monday, September 12, 2022, 08:24:25 AM

SPECIAL EDITION: Swarmio Media & Globe Telecom Launch The Ember Gaming Platform In The Philippines

Today in lieu of a Daily Dive episode, we are instead launching a Deep Dive...

Thursday, May 5, 2022, 01:30:00 PM

Swarmio Media Begins Deployment Of Gaming Ecommerce Solution

The revenue taps are seemingly about to be turned on for Swarmio Media (CSE: SWRM)....

Wednesday, January 12, 2022, 09:26:35 AM

Swarmio: Enabling In-Game Purchases For Consumers – The Daily Dive

Today on The Daily Dive, we sit down with Tesh Kapadia, SVP of Global Sales...

Wednesday, June 8, 2022, 01:30:00 PM