Universal mCloud Status
The company (TSX-V:MCLD) received CAD 10.7 million of development capital from undisclosed investors on May 24, 2018 through a private placement. The net proceeds from the offering will be used for recently announced M&A activities, strategic market expansion and general working capital purpose. The company issued 2,420,000 units at a price of CAD 0.40 per unit for aggregate gross proceeds of CAD 968,000 on December 6, 2017. The company issued 6,110,641 units at a price of CAD 0.35 per unit for aggregate gross proceeds of approximately CAD 2.14 million on February 15, 2018. On March 19, 2018, the company issued 6,027,282 units at a price of CAD 0.35 per unit for aggregate gross proceeds of approximately CAD 2.1 million.