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  • SoftLab9 (SOFT) has closed the first tranche of its non-brokered private placement
  • The company sold 545,625 units at C$0.40 per unit for gross proceeds of $218,250
  • The company will use the proceeds for its acquisition of CleanGo GreenGo, a manufacturer of green, non-toxic and biodegradable cleaning products
  • SoftLab9 is an incubator specializing in developing, launching, acquiring and vertically integrating companies
  • SoftLab9 (SOFT) closed unchanged trading at $0.47 per share

SoftLab9 (SOFT) has closed the first tranche of its non-brokered private placement.

The company sold 545,625 units at C$0.40 per unit for gross proceeds of $218,250.

Each unit consists of one common share and one-half of one transferable common share purchase warrant.

Each warrant entitles the holder to purchase one common share for $0.70 for 18 months from the date of issue, contingent on acceleration.

The company will use the proceeds for its acquisition of CleanGo GreenGo, an FDA and Health Canada approved manufacturer of a suite of green, non-toxic and biodegradable cleaning products.

SoftLab9 is an incubator specializing in developing, launching, acquiring and vertically integrating companies. 

SoftLab9 (SOFT) closed unchanged trading at $0.47 per share.

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