Unisync Announces Closing of Non-Brokered Private Placement Financing
31 December 2019 - 9:10AM
Unisync Corp. (TSX:UNI) ("
Unisync") is pleased to
advise that the non-brokered private placement announced on
December 19, 2019 has closed. The private placement consisted of
924,703 Common Shares (each a "
Share") at a price
of $3.30 per Share for total gross proceeds of $3,051,520. The
Shares are subject to hold periods expiring on May 1, 2020.
The net proceeds of the Offering will be used
for expenditures related to Unisync’s expansion into the United
States and for general working capital purposes.
ABOUT UNISYNCUnisync operates
through two business units: Unisync Group Limited (“UGL”) with its
North American head office in Mississauga, Ontario and Peerless
Garments LP based in Winnipeg, Manitoba (“Peerless”). UGL is a
leading customer-focused provider of corporate apparel, serving
many leading Canadian and American iconic brands through operations
in both Canada and the US. Peerless specializes in the production
and distribution of highly technical protective garments, military
operational clothing and accessories for a broad spectrum of
Federal, Provincial and Municipal government departments and
agencies.
The combined operations of UGL and Peerless
represent a vertically integrated North American enterprise with
exceptional capabilities in garment design, domestic manufacturing
and off-shore outsourcing, including state-of-the-art web based
B2B ordering, distribution and program management systems.
For more information on our capabilities,
products and services please visit our website
at www.unisyncgroup.com .
On Behalf of the Board of Directors
Matthew Graham, CEO
Investor relations contact: Douglas F Good at
778-370-1725 Email: dgood@unisyncgroup.com
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