Pioneering Technology increases fundraise to $6.6mln
Energy smart and cooking fire prevention group Pioneering Technology Corp (CVE:PTE) says it has raised around $6.6mln following the trigger of an over-allotment option.
That’s an increase from last month when it reported raising about $6.235mln after closing the financing with Echelon Wealth Partners Inc.
Now it said it issued a further 327,000 units to Echelon at $1.10 per unit for incremental gross proceeds of around $360,000.
Each unit consisted of one share and half a share purchase warrant.
As has been reported, the net proceeds will be used to repay debts, finance expansion, invest in product development, and sales and marketing, and for working capital.
Pioneering also told investors today that Dan MacDonald, chief operating officer, has been appointed president and acting chief financial officer, effective immediately.
Recently the firm’s fire prevention technology was further boosted as it struck a new distribution deal for the USA with Atlanta – based HD Supply Corp.
The program will result in HD Supply building awareness and growing sales for the group’s SmartBurner product in the US, it said.
And in recent weeks it revealed that the Ontario Housing Services Corp (HSC) was to encourage social housing operators to install its cooking fire prevention products.
The HSC will offer an annual discount of 4% on property insurance premiums to Ontario social housing operators that fit out their dwellings with Pioneer’s SmartBurner or Safe-T kit.
HSC delivers services to more than 100,000 housing units in Ontario that help operators improve building efficiency and reduce utility costs.
Story by ProactiveInvestors
Source: http://www.proactiveinvestors.com/companies/news/176687/pioneering-technology-increases-fundraise-to-66mln-176687.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Lion’s Mane Mushroom
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, But it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes:
Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity.
Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins.
Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system.
Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome.
Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function.
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules. Today Be 100% Satisfied Or Receive A Full Money Back Guarantee Order Yours Today By Following This Link.