Investment Banking - Pure Technologies Ltd.

Transactions | Infrastructure/Environmental/Water

Client: Pure Technologies Ltd.
Industry: Infrastructure/Environmental/Water
Transaction Type: Common Stock Offering
Role: Co-Agent

  • Pure Technologies Ltd. (TSXV:PUR), headquartered in Calgary, Canada, has developed patented and proprietary technologies for inspection, monitoring and management of physical infrastructure.
  • Pure’s technology is used around the world to inspect, assess and monitor the physical integrity of bridges, pipelines, high-rise buildings, parking structures and other structures
  • Pure sold 7,000,000 common shares in the transaction. An additional 1,050,000 common shares were sold by insiders as part of an overallotment option.
  • Gross proceeds of C$30.1 million will be used for general working capital purposes, for further commercialization of existing and new technologies, for development of new technologies, and acquisition of capital assets.
  • Boenning & Scattergood acted as a Co-Agent in the offering.