Cybeats Technologies (CYBT.CN) raised C$1.9 million after it closed its non-brokered private placement of common shares, it said late Monday.
The company issued 11.6-million common shares at C$0.17 apiece. Proceeds will be used to support sales and marketing initiatives, product commercialization activities and for general corporate needs, it said.
Shares of the company closed unchanged at C$0.195 on Monday on the Canadian Securities Exchange.