iLOOKABOUT announces $5M bought deal led by Canaccord

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By CPE News

London, ON (pcJ News Briefs) – iLOOKABOUT Corp. (TSX-V: ILA) has entered into an agreement with a syndicate of underwriters led by Canaccord Genuity Corp. for a bought deal of 20,000,000 common shares at $0.25 per share for gross proceeds of $5.0 million.

Closing of the offering is expected to occur on or about May 17, 2017.

iLOOKABOUT intends to use the net proceeds to accelerate new product development, position the company for new opportunities, including potential future acquisitions, and for general corporate purposes.

iLOOKABOUT is a software, data analytics and visual intelligence company focused on real property. The company primarily serves the property assessment, property taxation, municipal, insurance, and appraisal sectors, both public and private, in North America.

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