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News & Events

BIG DEAL: Eguana Technologies Inc. closes Brokered Private Placements for $2.65 million

Nov 23, 2020

Logo - Eguana Technologies Inc.Eguana Technologies Inc. (“Eguana”) (TSXV: EGT), a publicly-listed world leader in the design and manufacturing of high performance residential and commercial energy storage systems, closed two brokered private placements in November for gross proceeds of $2.65 million. Under the first private placement, which was led by Fort Capital Securities Ltd. (“Fort”), Eguana, through its subsidiary, EGT Markets Limited Partnership, issued 1,150 limited partnership units for gross proceeds of $1.15 million. Under the second private placement, which was co-led by Stifel GMP and Fort, Eguana issued 10,000,000 common shares to an institutional investor for gross proceeds of $1.5 million.

Minden Gross LLP acted for Eguana with a team led by Andrew Elbaz (Partner) - Securities and Capital MarketsAlexander Katznelson (Associate) – Securities and Capital Markets, and Darren Nguyen (Associate) – Securities and Capital Markets.

Read the media releases here:
First private placement:
https://www.globenewswire.com/news-release/2020/11/02/2118855/0/en/Eguana-Closes-1-15-Million-Upsized-Brokered-Private-Placement-Expands-Cobalt-Free-Evolve-Product-Line.html
Second Private Placement:
https://www.globenewswire.com/news-release/2020/11/17/2128408/0/en/Eguana-Announces-Closing-of-1-5-Million-Investment-from-Institutional-Investor.html

Image: Andrew Elbaz - Securities and Capital MarketsImage: Alexander Katznelson, Business Law LawyerImage: Darren Nguyen, Business Law Lawyer