Novra Technologies (NVI:CA)Â announced on Wednesday a $1.3M private placement to fund working capital, R&D, expansion into new markets, and repayment of existing liabilities. – The company will issue 10M common shares at $0.13 per share to The David E.
Chymiak Trust. – Following the placement, the trust will hold ~16.6% of Novraâs outstanding shares and become an insider. – The placement will not involve finderâs fees or commissions. – The deal remains subject to approval from the TSX Venture Exchange