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Magnetic North Acquisition Corp. Announces Closing of $1.65 Million Non-Brokered Private Placement

CALGARY, Alberta and TORONTO, Oct. 26, 2020 (GLOBE NEWSWIRE) -- Magnetic North Acquisition Corp. (TSXV: MNC) (“Magnetic North” or the “Company”) is pleased to announce the closing of its previously announced non-brokered private placement of Series A Preferred Shares (the “Financing”). The Company issued 165,697 Series A Preferred Shares at a price of $10.00 per Series A Preferred Share for aggregate gross proceeds of $‎1,656,970. The Financing is intended to allow Magnetic North to make investments in certain of the Company’s investee companies and for working capital purposes. Read More

from Financial Post https://ift.tt/3dZL1l9
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