On November 13, 2018, VOTI Detection Inc. (“VOTI”), a leading-edge Canadian technology company that develops latest-generation X-ray security systems (formerly Steamsand Capital Corp. (“Steamsand”)), completed its previously announced qualifying transaction involving VOTI Inc., Steamsand and 10971260 Canada Inc., a wholly-owned subsidiary of Steamsand. In connection with the going public transaction, VOTI Inc. (private company target) completed a brokered private placement of subscription receipts for gross proceeds of approximately $9.2 million conducted by a syndicate of agents led by GMP Securities L.P. and including Canaccord Genuity Corp., Desjardins Securities Inc., Echelon Wealth Partners and Industrial Alliance Securities Inc.
VOTI’s common shares were posted for trading on the TSX Venture Exchange under the symbol “VOTI” on November 19, 2018.
Fasken advised VOTI with a team that included Adam Saskin, Neil Kravitz, Taisha Lewis, Guillaume Saliah and Matthew Quadrini.
