- Kelso Technologies’ private placement has closed on a total of 7,000,000 units for gross proceeds of approximately C$6,300,000
- Each unit consists of one common share and one-half of one common share purchase warrant
- Proceeds will be used for ongoing marketing initiatives and new product development
- Kelso Technologies Inc is a railway equipment supplier that produces and sells tank car service equipment
- Kelso Technologies (KLS) is down 3.70 per cent, trading at C$1.04 per share at 1:40 pm EST
Kelso Technologies’ private placement has closed on a total of 7,000,000 units for gross proceeds of approximately C$6,300,000.
Each unit consists of one common share and one-half of one common share purchase warrant.
Warrants can be exercised at a price of C$1.15 on or before 4:00 pm PST on March 4, 2022, or CAD$1.30 on or before 4:00 pm PST on March 4, 2023.
All common shares issued under the private placement will be subject to a hold period expiring on July 5, 2021.
Proceeds will be used for ongoing marketing initiatives and to fund new product development.
Kelso Technologies Inc is a railway equipment supplier that produces and sells tank car service equipment used for the safe loading, unloading, and containment of hazardous materials during transport.
Kelso Technologies (KLS) is down 3.70 per cent, trading at C$1.04 per share at 1:40 pm EST.
