Kraken Robotics closes bought deal financing

20 December 2018

On December 20, 2018, Kraken Robotics Inc. (TSXV: PNG) (OTCQB: KRKNF) announced that it had closed its previously announced bought deal short form prospectus offering of common shares of the company for gross proceeds of $6 million.

The offering was completed by a syndicate of underwriters led by Clarus Securities Inc. as lead underwriter and sole bookrunner, and including Beacon Securities Limited.

Kraken Robotics is a marine technology company engaged in the design, development and marketing of advanced sensors, software and underwater robotics for Unmanned Maritime Vehicles used in military and commercial applications.

Gowling WLG advised Kraken Robotics with respect to this transaction with a team that included Ian Mitchell, Marek Lorenc and Olivia Lifman.


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