Prodigy Ventures announces $3M brokered private placement

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By CPE News

Toronto (pcJ News Briefs) – Prodigy Ventures Inc. (TSX-V: PGV) intends to close a brokered private placement offering of a minimum of 8,571,430 units at $0.35 per unit for minimum gross proceeds of $3,000,000. The offering is led by Gravitas Securities Inc.

Each unit will consist of one common share and one-half of one common share warrant. Each whole warrant will be exercisable into one common share at a price of $0.50 for a period of 24 months from the date of closing, subject to accelerated expiry.

Prodigy Ventures plans to use the gross proceeds for marketing, general and working capital purposes.

Prodigy Ventures is an innovation company that has combined an enterprise services business – Prodigy Labs – with a Venture Builder business. The two businesses work together to sell services and create new enterprise-grade platforms and apps using technologies such as mobile video, proximity, wearables, 3D & augmented reality.

photo credit: Prodigy Ventures