Tantalus Systems Holding Inc (TSE:GRID) has released an update.
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Tantalus Systems Holding Inc. has announced a strategic $10 million financing move, involving the sale of 6,250,000 common shares at $1.60 each through a bought deal with leading investment dealers. The proceeds are earmarked for research and development, sales, business development, and general corporate needs, with the expectation to close the deal by May 23, 2024. This initiative aims to bolster the company’s financial footing and drive future growth.
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