Defsec prices private placement at CAD 2.84 per share, targets CAD 5.54 million proceeds
Reuters2026/08/17 11:29- Defsec announced a private placement of 1,951,219 common shares or pre-funded warrants at CAD 2.84 each.
- Deal includes 1,951,219 common share purchase warrants exercisable at CAD 3.3 for 60 months from closing.
- Gross proceeds expected at about CAD 5.54 million, before fees.
- Net proceeds earmarked for business development, intellectual property protection, registrations, and working capital.
- Closing expected around Aug. 18, 2026, subject to TSXV clearance; securities are unregistered under the U.S. Securities Act.
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