VersaPay announces closing of USD10.7 million non-brokered private placement

Tuesday 17 October 2017 09:42 CET | News

VersaPay has completed its non-brokered private placement (the “Offering”) of 6,290,000 common shares of the Company (the “Common Shares”) at a price of USD1.70 per Common Share for gross proceeds of USD10.7 million.

The Offering remains subject to final approval of the TSX Venture Exchange. The Common Shares issued pursuant to the Offering are subject to a statutory hold period of four months and one day, expiring on February 14, 2018.

VersaPay ia a provider of cloud-based invoice-to-cash solutions including electronic invoice presentment and payment, automated accounts receivable, cash application and collections management.

In recent news, VersaPay has announced a strategic relationship with Royal Bank of Canada RBC. As part of the agreement, RBC will offer its business customers VersaPay ARC, an integrated accounts receivable solution, under the RBC brand.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: VersaPay, electronic invoice, payments, private placement
Categories: Banking & Fintech | E-invoicing, SCF & E-procurement
Countries: World
This article is part of category

Banking & Fintech