-- Quebec Innovative Materials (QIMC.CN) on Monday closed a bought-deal private placement of share units, raising $17.3 million, including the full exercise of the underwriters over-allotment option.
The company sold underwriters 19.2-million units priced at $0.90 apiece and made up of a share and a three-year warrant to buy a share for $1.30.
Proceeds will be used for exploration and evaluation of its existing hydrogen and helium projects and for general working capital needs.
Shares of the company were last seen down $0.01 to $0.77 on the Canadian Securities Exchange.
Price: $0.77, Change: $-0.01, Percent Change: -1.28%