Gatekeeper Systems announces $2M offering

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By CPE News

Abbotsford, BC (pcJ News Briefs) – Gatekeeper Systems Inc. (TSX-V: GSI; OTCPK: GKPRF) intends to close a non-brokered private placement offering of up to 10,000,000 units at a price of $0.20 per unit for gross proceeds of up to $2,000,000.

Each unit will consist of one common share and one-half share purchase warrant, with each whole warrant exercisable at $0.30 for a period of 24 months from the date of closing, subject to accelerated expiry.

Gatekeeper Systems intends to use the gross proceeds for expansion of sales, its stop arm camera business, marketing and operations staff, and general working capital.

Gatekeeper Systems Inc. provides innovative, end-to-end video safety and security solutions for mobile applications including body cameras, in-car police video systems, school bus video and stop-arm camera video enforcement systems, transit bus video systems, and airborne digital recording systems for military applications.

photo credit: Gatekeeper Systems