LEAF Mobile (TSXV: LEAF) has closed its previously announced subscription receipt financing, raising gross proceeds of $23.0 million in the process. The offering, co-lead by Haywood Securities and Eight Capital, saw receipts of the company sold at a price of $0.225 per receipt.
Each receipt issued under the financing will convert to one common share of Leaf Mobile upon the closing of the acquisition of East Side Games. A total of 102.2 million receipts were issued in connection with the offering, with the full over-allotment option having been exercised.
