Viq Solutions (TSE:VQS) has released an update.
VIQ Solutions Inc. has successfully completed an oversubscribed private placement, raising C$1.6 million through the sale of over 10 million common shares at C$0.158 each. The funds are earmarked for working capital and general corporate purposes. Amidst this financial move, Beedie Investments Ltd. partook as a related party, buying 3 million shares without needing a formal valuation or minority shareholder approval due to the transaction size.
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