Liberty Defense Holdings Ltd. (LDDFF)

[KPIFF-LDDFF]

Liberty Closes $5.14 Million Overnight Marketed Offering and Concurrent Private Placement


https://finance.yahoo.com/news/liberty-closes-5-14-million-144200472.html


https://www.reddit.com/r/LibertyDefense/comments/yeyrzc/liberty_closes_514_million_overnight_marketed/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button


"

 is pleased to announce that it has closed its previously announced overnight marketed public offering of 18,691,700 units ("Units") at a price of C$0.275 per Unit (the "Offering Price") for gross proceeds of approximately C$5,140,218 (the "Offering").


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In addition to the Offering, the Company completed a concurrent private placement offering (the "Private Placement") of 475,000 units of the Company (the "Private Placement Units") at the Offering Price for gross proceeds of approximately C$130,625. The Private Placement Units have the same terms as the Units.

…

The Company plans to use the proceeds of the Offering and the Private Placement to procure inventory for the commercial release of the HEXWAVE technology in the first half of 2023, to meet market demand. This follows the successful launch of the Beta trials that will continue through the end of 2022.

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