CEMATRIX Corporation Closes Oversubscribed $5,500,000 Private Placement of Convertible Debentures Co-led by Gravitas Securities and Clarus Securities
ICYMI: CALGARY, Alberta, April 22, 2020 (GLOBE NEWSWIRE) -- CEMATRIX Corporation (TSXV: CVX) (the “Company” or “CEMATRIX”) a North American leading manufacturer and supplier of technologically advanced cellular concrete products is pleased to announce that it has closed its upsized brokered private placement of 5,500 unsecured convertible debentures of the Company (the "Convertible Debentures") at a price of $1,000 per Convertible Debenture for gross proceeds of $5,500,000. The offering was originally announced on April 8th, 2020 and subsequently upsized on April 15th, 2020. Gravitas Securities Inc. and Clarus Securities Inc. acted as co-lead agents along with Beacon Securities Limited (together the “Agents”). Jeff Kendrick, CEO & President of the Company stated: “With a strengthened balance sheet, we look forward to executing on our existing contracts, securing additional business, and pursuing strategic M&A opportunities. We would like to thank our current and new