- Sekur Private Data Ltd. (OTCQB:SWISF) successfully raised CA$1.7 million through a non-brokered private placement.
- The placement involved issuing 34,069,235 units at CA$0.05 per unit, each comprising one common share and one warrant.
- Proceeds will be utilized for marketing in the US, Europe, and Africa, and for general working capital.
Sekur Private Data Ltd. (SWISF, Financial), a leader in Swiss-hosted cybersecurity solutions, has completed a non-brokered private placement, raising gross proceeds of CA$1,703,461.75, equivalent to approximately US$1,192,423.22. The offering included the issuance of 34,069,235 units at CA$0.05 per unit. Each unit comprises one common share and a full warrant that permits the purchase of an additional common share at CA$0.05, valid for 48 months post-closing.
Notably, company insiders, including officers and directors, demonstrated confidence by acquiring 450,000 units, contributing CA$20,250 to the offering. The company also incurred finder's fees, disbursing US$4,900 alongside 140,000 broker warrants and CA$3,000 plus 60,000 broker warrants to authorized Canadian financial institutions.
The funds will be directed towards enhancing the marketing of Sekur's privacy communications solutions across the United States, Europe, and Africa, alongside supporting general working capital needs. Sekur offers a suite of secure digital communication tools, ensuring privacy and protection against cyber threats, based on stringent Swiss privacy standards.
