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Leaf Mobile Closes $23.0 Million Financing

LEAF Mobile Inc
|    thedeepdive.ca

Feb 5, 2021

LEAF Mobile (TSXV: LEAF) has closed its previously announced subscription receipt financing, raising gross proceeds of $23.0 million in the process. The offering, co-lead by Haywood Securities and Eight Capital, saw receipts of the company sold at a price of $0.225 per receipt.

Each receipt issued under the financing will convert to one common share of Leaf Mobile upon the closing of the acquisition of East Side Games. A total of 102.2 million receipts were issued in connection with the offering, with the full over-allotment option having been exercised.

 

Read the full article on thedeepdive.ca

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