Breaking Data Corp. Completes $5 Million Subscription Receipt FinancingApril 11, 2017
Breaking Data Corp. (“Breaking Data”) completed the second tranche of a private placement (the “Offering”) of subscription receipts for aggregate gross proceeds of $1 million. Together with the first tranche of the Offering, which closed on March 17, 2017, Breaking Data has issued an aggregate of 12.5 million subscription receipts for aggregate gross proceeds of $5 million.
The Offering was completed in connection with a reverse-takeover of Breaking Data by Sports New Media Holdings Limited, the owner of GiveMeSport, a leading next generation sports media company. Clarus Securities Inc. and Haywood Securities Inc. acted as agents in respect of the Offering.
Clarus Securities Inc.
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