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Liberty Defense Holdings Ltd. closes C$7,130,000 brokered private placement of units

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Canaccord Genuity Corp.

Liberty Defense Holdings Ltd. (“Liberty” or the “Company”), a leading concealed weapons detection company, closed an oversubscribed brokered private placement of 14,260,000 units (“Units”) (including 1,860,000 Units issued pursuant to the exercise in full of an over-allotment option) at a price of C$0.50 per Unit for gross proceeds of C$7,130,000 (the “Offering”). Canaccord Genuity Corp. (the “Agent”) acted as agent and sole bookrunner under the Offering.

The net proceeds from the Offering are intended to fund development of the Company’s latest technology that was recently licensed from the Pacific Northwest National Laboratory as well as further development of the Company’s HEXWAVE technology.

Fasken advised Canaccord Genuity Corp., with a team led by Mike Stephens and Martin Ferreira Pinho and included Brandon Deans and Regan Brodziak (Corporate Finance & Securities).


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