UrtheCast completes $19.6M bought deal

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By CPE News

Vancouver (pcJ News Briefs) – UrtheCast Corp. (TSX: UR) has closed previously announced bought deal public offering of 13,033,341 common shares at $1.50 per common share for gross proceeds of $19,550,012. The offering included the exercise-in-full by the underwriters of the over-allotment option of 1,700,001 common shares.

The offering was conducted by a syndicate of underwriters co-led by Clarus Securities Inc. and Canaccord Genuity Corp. and including Raymond James Ltd. and Eight Capital.

Net proceeds will be added to company’s working capital.

UrtheCast Corp. is a Vancouver-based technology company that serves the rapidly evolving geospatial and geoanalytics markets with a wide range of information-rich products and services.

photo credit: UrtheCast