July 12, 2019 - 6:51 PM EDT
Universal mCloud Raises $23.4 Million From Debenture Financing


Universal mCloud Raises $23.4 Million From Debenture Financing

Universal mCloud

Leading asset management solutions provider Universal mCloud Corp. (TSXV:MCLD) (OTCQB:MCLDF) announced the closing of its convertible debenture financing on Thursday, which resulted in gross proceeds of $23,492,800 CAD.

This offering was initially set for $10 million CAD when it was announced at the end of May; however, the company bumped it up to $23 million CAD after facing overwhelming demand from interested parties.

Universal mCloud President CEO Russ McMeekin believes the company has all of the key elements it needs to become a world leader in AI-powered asset management and it’s evident by the ...

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Source: MicroSmallCap (July 12, 2019 - 6:51 PM EDT)