Posera announces non-brokered private placement of common shares

On January 20, 2017, Posera Ltd. (“Posera”) completed a non-brokered private placement of 18,900,000 common shares at a price of $0.12 per share, for aggregate gross proceeds of $2.3 million. The proceeds from the private placement will be used to increase working capital. Posera is a leading provider of hospitality technology, managing merchant transactions with consumers and facilitating all aspects of payment transactions. Fasken Martineau advised Posera with a team led by Paul Fornazzari and that included Myroslav Chwaluk and student-at-law Dana Gregoire.