Kraken Robotics closes bought deal financing

1 minute read
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.


NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.

Related   Capital Markets