Brief: Vecima Networks Announces Offering Of Common Shares

Vecima Networks

07/12/2022 21:36

Vecima Networks Inc  VCM.TO :
    * VECIMA NETWORKS ANNOUNCES OFFERING OF COMMON SHARES
    * VECIMA NETWORKS INC - COMPANY INTENDS TO USE NET PROCEEDS
OF
OFFERING FOR REPAYMENT OF LINE OF CREDIT
    * VECIMA NETWORKS - AGREED TO OFFER FOR SALE 507,100 COMMON
SHARES
AT $17.75/SHARE FOR AGGREGATE GROSS PROCEEDS TO COMPANY OF
APPROXIMATELY $9 MILLION
    * VECIMA NETWORKS INC - OFFERING IS EXPECTED TO CLOSE ON OR
ABOUT
DECEMBER 14, 2022

Source text for Eikon:  ID:nGNX5nWLqC 
Further company coverage:  VCM.TO