TrackX Increases Bought Deal Financing to $5.2 Million

TrackX Holdings (TSXV:TKX) has announced it has increased its previously announced bought deal private placement offering to 13,684,210 units at $0.38 each for gross proceeds of $5,199,999.80.
As quoted in the press release:

The Offering is expected to close (the “Closing”) on or about May 8, 2017 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange (the “TSXV”).
The proceeds from the Offering will be used to support the Company’s growth initiatives, including partner development, potential merger and acquisition opportunities and general working capital purposes.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Click here to read the full press release.