Source: Deveron.
Market Herald logo

Find out more about this capital raise

Be the first with the news that moves the market
  • Deveron (FARM) has commenced an overnight marketed public offering for up to C$8M
  • The company intends to use the proceeds to support organic growth and product development, as well as the pursuit of acquisition opportunities
  • The offering is slated to close on or about February 25, 2022
  • Deveron is an agriculture technology company that uses data to help farmers and large agriculture enterprises increase yields, reduce costs and improve outcomes
  • Deveron (FARM) closed unchanged trading at $0.77 per share

Deveron (FARM) has commenced an overnight marketed public offering for up to C$8M.

Each unit is comprised of one common share and one-half of one common share purchase warrant.

Raymond James, serving as sole agent and bookrunner, will determine the price per unit and the warrants’ exercise price based on market conditions.

The over-allotment option equals 15 per cent of the aggregate number of units purchased and may be exercised up to 30 days after closing.

The company intends to use the proceeds to support organic growth and product development, as well as the pursuit of acquisition opportunities.

The offering is slated to close on or about February 25, 2022.

Deveron is an agriculture technology company that uses data to help farmers and large agriculture enterprises increase yields, reduce costs and improve outcomes.

Deveron (FARM) closed unchanged trading at $0.77 per share.

More From The Market Herald

" Plant&Co (CSE:VEGN) closes first tranche of non-brokered private placement

Plant&Co (VEGN) has closed the first tranche of its non-brokered private placement of convertible debentures for gross proceeds of $1,295,000.

" FireFox Gold (TSXV:FFOX) closes first tranche of non-brokered private placement

FireFox Gold Corp. (FFOX) has closed the first tranche of a non-brokered private placement for gross proceeds of $452,010.

" RIWI Corp. (TSXV:RIWI) acquires Research on Mobile

RIWI Corp. (RIWI) has completed its previously announced acquisition of Research on Mobile (ROM).