Markets

Innovente Closes $2.3 M Private Placement, Appoints Interim CFO

A generic image of money and a calculator
Credit: Shutterstock photo

Innovente Inc. (IGE.V) has closed its previously announced private placement of common shares at a price of $0.55 per Common Share for total gross proceeds of approximately $2,260,149.65.

Net proceeds will be used to complete the construction of the Saint-Patrice-de-Beaurivage project, to fund its working capital and for general corporate purposes.

Innovente has appointed Marjolaine Giasson as interim chief financial officer of the Company to replace Isabelle Jomphe, who, as previously announced, will resign as chief financial officer of the Company effective on January 31, 2013. Giasson, a Certified Public Accountant, CA, brings over 14 years of accounting and finance experience and has worked in both private practice and industry, including 5 years with a technology company.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More