Source: Blackline Safety Corp.
  • Blackline Safety Corp. (BLN) has announced a bought-deal private placement for gross proceeds of approximately $8 million
  • Blackline has also announced a concurrent non-brokered private placement for gross proceeds of $12 million
  • Net proceeds will be used for general corporate and working capital purposes
  • Blackline Safety Corp is a connected safety monitoring technology company
  • Blackline Safety Corp. (BLN) opened trading at C$2.64

Blackline Safety Corp. (BLN) has announced a bought-deal private placement for gross proceeds of approximately $8 million.

The company will issue 3,640,000 common shares at $2.20 per share.

The underwriters have been granted an over-allotment option to purchase up to an additional 15 per cent of the common shares issued. In the event that the over-allotment option is exercised in full, the gross proceeds of the offering will be approximately $9.2 million.

Blackline has also announced a concurrent non-brokered private placement for gross proceeds of $12 million.

The private placement is expected to close concurrently with the closing of the bought-deal offering. 

Net proceeds will be used for general corporate and working capital purposes.

Blackline Safety Corp is a connected safety monitoring technology company providing wearable safety technology, personal and area gas monitoring, cloud-connected software and data analytics.

Blackline Safety Corp. (BLN) opened trading at C$2.64.


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