HIVE Advanced Technology has closed its first tranche of up to CAD115 m ( $ 90 m ) , in a round led by GMP Securities and Eventus Capital . On Behalf Of The round of private placement also included Haywood Securities and PI Financial . The tranche involved the sale of over 15 million units , each comprising one common stock and one share purchase warrant , valid up until 14 November 2019 . Each unit was sold at a price of £1 . Gross proceeds were CAD50 m , with a final closing for up to CAD65 m expected to take place on 29 December 2019 .
HIVE Advanced Technology has closed its first tranche of up to CAD115 m ( $ 90 m ) , in a round led by GMP Securities and Eventus Capital . The round of private placement also included Haywood Securities and PI Financial . The tranche involved the sale of over 15 million units , each comprising one common stock and one share purchase warrant , valid up until 14 November 2019 . Each unit was sold at a price of £1 . Gross proceeds were CAD50 m , with a final closing for up to CAD65 m expected to take place on 29 December 2019 .