CEMATRIX Announces Closing of $6.6 Million Bought Deal Private Placement

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Last update: Jul 29, 2024

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CALGARY, Alberta, July 29, 2024 (GLOBE NEWSWIRE) -- CEMATRIX Corporation (TSX: CEMX) (OTCQB: CTXXF) ("CEMATRIX" or the "Company"), a North American leading manufacturer and supplier of technologically advanced cellular concrete products, is pleased to announce that it has closed its previously announced “bought deal” private placement. The Company entered into an underwriting agreement (the “Underwriting Agreement”) with Beacon Securities Limited (“Beacon”) as lead underwriter and sole bookrunner, and Centurion One Capital (together with Beacon, the “Underwriters”), whereby the Company issued a total of 14,667,000 units (the “Units”) at a price of $0.45 per Unit (the “Issue Price”) for aggregate gross proceeds of $6,600,150 pursuant to Part 5A (the “Listed Issuer Financing Exemption”) of National Instrument 45-106 – Prospectus Exemptions (the “Offering”), including the full exercise of the Underwriters’ option for gross proceeds of $3,100,050.