Skip to main content

PLEASE NOTE: For everyone’s safety, Fasken recommends anyone on-site at our Canadian offices be familiar with the COVID-19 recommendations in place which may include one or more of the following: social distancing, hand sanitizing, wearing a mask in common areas and proof of full vaccination. These measures apply to lawyers, staff, clients, service providers and other visitors.

Client Work

Shift Networks closes US$4 million private placement financing

Fasken
Reading Time 1 minute read Subscribe

Overview

Client

Shift Networks

On February 21, 2007, Shift Networks Inc. announced that, subject to regulatory approval, it had closed $2,390,000 in the second and final tranche of an over-subscribed, brokered private placement consisting of secured convertible debentures and share purchase warrants. Shift Networks previously raised $1.7 million on January 2, 2007, for a total of approximately $4 million. Lisa Marcuzzi and Brad Freelan of Fasken Martineau advised Loewen, Ondaatje, McCutcheon Limited, the lead agent for the private placement.

Team

    Subscribe

    Receive email updates from our team

    Subscribe