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Liberty Announces US$1 Million Investment by Viken Detection

https://www.newswire.ca/news-releases/liberty-announces-us-1-million-investment-by-viken-detection-860334064.html

https://www.reddit.com/r/LibertyDefense/s/NLKkjQRoub


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is pleased to announce that it has closed an investment by Viken Detection Corp. ("Viken") pursuant to which Viken purchased 9,090,909 units of the Company (the "Units") at an issue price of US$ 0.11 per Unit (approximately C$0.15), for gross proceeds of US$1 million (the "Offering").

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The Warrants will contain blocker language restricting the exercise of the Warrants in the event such exercise results in Viken holding more than 9.9% of the outstanding voting securities of the Company.

"This investment further demonstrates the commitment from Viken in the HEXWAVE technology and the overall need for next-generation on person screening technology, to detect non-metallic and metallic threats" said Bill Frain, Liberty's CEO. "Unfortunately, we continue to see acts of violence in the Americas requiring enhanced security measures, and this investment will help us accelerate the delivery of product to the marketplace."

The proceeds from the Offering will be used to further the production of HEXWAVE technology and for general corporate purposes.

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