IPICO closes private placement financing
On June 28, 2007, IPICO Inc. announced the closing of a private placement of 4,891,715 units for gross proceeds of $3,424,200. IPICO plans to use the net proceeds of the offering for working capital and general corporate purposes.
IPICO is an RFID solution supplier with operations in the USA, South Africa, Europe, Asia and Australia.
IPICO was advised in this transaction by Allan Beach and Bozidar Crnatovic of Fasken Martineau.