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  • MediaValet Inc. (MVP) has closed a non-brokered private for gross proceeds of $3,500,010
  • The oversubscribed offering consisted of 2,692,315 units at a price of $1.30 per unit
  • The net proceeds received will be used for general working capital
  • MediaValet develops and delivers enterprise cloud software
  • MediaValet Inc. (MVP) opened trading at C$1.19

MediaValet Inc. (MVP) has closed a non-brokered private for gross proceeds of $3,500,010.

The oversubscribed offering consisted of 2,692,315 units at a price of $1.30 per unit. Each unit consisted of one common share and one purchase warrant. Each warrant entitles the holder to acquire one additional share at a price of $1.50 for a period of 36 months.

Warrants are subject to an acceleration clause.

The net proceeds received will be used for general working capital.

All securities issued are subject to a statutory four-month hold period of four months.

MediaValet develops and delivers enterprise cloud software. It manages high-value media assets for SMB, mid and enterprise organizations across a wide variety of industries, including manufacturing, healthcare, media and entertainment, high-tech, natural resources, retail, travel, and hospitality.

MediaValet Inc. (MVP) opened trading at C$1.19.


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