mCloud Technologies Corp (MCLD): mCloud Closes US$1.870 Million Second Tr...

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Monday, 01/04/2021 4:17:02 PM

Monday, January 04, 2021 4:17:02 PM

mCloud Closes US$1.870 Million Second Tranche of Convertible Equity Debenture

We are pleased to announce that we have closed the second tranche of our private placement offering, as previously announced on December 7, 2020 of convertible debentures for gross proceeds of US$1.870 million.

mCloud has raised an aggregate of US$4.668 million pursuant to the Offering and is retaining American Trust Investment Services, Inc. as a key strategic partner in securing long-term capital and to assist with market visibility in the United States.

Additionally, we have also signed a new AssetCare™? contract connecting a large commercial property in British Columbia, Canada to our indoor air quality solution, with advanced AI-driven IAQ monitoring and active air purification from six connected air filtration units from SecureAire, an mCloud partner.

"mCloud's Connected Buildings segment is robustly positioned for growth in 2021 with vectors for success in New York, California, and now British Columbia."
- Russ McMeekin, mCloud Co-Founder, President & CEO.