2023-04-25 07:50:41 ET
- Agriculture technology company Deveron ( TSXV: FARM:CA ) ( OTCPK:DVRNF ) said on Tuesday that it has upsized a previously-announced non-brokered private placement of shares to $5.2M from $1.5M.
- The company had announced a non-brokered private placement of up to 4.8M shares at $0.31 per share.
- The company will now issue 16.8M shares.
- The proceeds will be used to fund Deveron's M&A strategy, consolidating the fragmented soil lab and crop consultant market in North America.
- The offering is expected to close on or about April 27.
- Source: Press Release
For further details see:
Deveron upsizes equity offering to $5.2M from $1.5M