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Axia NetMedia Raises Over $22 Million
Axia NetMedia Corporation (TSX:AXX) completed a bought deal offering for gross proceeds of $22,385,000. A syndicate of underwriters, led by Orion Securities Inc. and including Canaccord Capital Corporation and Haywood Securities Inc. purchased 6,050,000 common shares at a price of $3.70 per share. The total shares purchased included 550,000 common shares issued upon exercise of the underwriter’s over-allotment option. The Corporation plans to use the net proceeds of the financing to support current and future opportunities in the Real Broadband(TM) ultra-high performance, open-access networks business.
Wildeboer Dellelce LLP represented the underwriters with a team that included Derek Sigel and Geoffrey Cher (corporate/securities).
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