- Fortress Technologies (FORT) has closed a C$9.3 million bought deal private placement
- The company sold 14,794,700 units at C$0.63 per unit
- Each unit is composed of one Fortress common share and one common share purchase warrant
- Each warrant is exercisable to acquire one common share for C$0.82 at any time within 60 months of closing
- The company intends to use the proceeds to expand its crypto mining operations
- Fortress Technologies operates a crypto mining business
- Fortress Technologies (FORT) is trading flat at C$0.65 per share
Fortress Technologies (FORT) has closed a C$9.3 million bought deal private placement.
The company sold 14,794,700 units at C$0.63 per unit.
Each unit is composed of one common share and one common share purchase warrant.
Each warrant is exercisable to acquire one Fortress common share for C$0.82 at any time within 60 months of closing.
Fortress intends to use the proceeds to expand its crypto mining operations, explore growth-related opportunities and for general corporate purposes.
Canaccord Genuity acted as lead underwriter and sole bookrunner.
Fortress Technologies operates a crypto mining business and is currently evaluating emerging opportunities in the technology sector.
Fortress Technologies (FORT) is trading flat at C$0.65 per share as of 2:54 pm ET.
