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Article: Infowave Secures Additional US$1.0 Million Private Placement Financing; Adds Two Veteran Software Executives to Its Board of Directors.
- Article from:
- Business Wire
- Article date:
- April 1, 2004
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Business Editors
VANCOUVER, British Columbia--(BUSINESS WIRE)--April 1, 2004
Infowave Software (TSX:IW), a leading provider of enterprise mobile applications (EMA), today announced the completion of an additional US$1.0 million of financing, secured though a private placement to significant shareholder, Gerald Trooien, which was approved by Infowave's shareholders at the Company's Special General Meeting on March 30, 2004. The US$1.0 million (Cdn$1.3 million) is in addition to the recently secured US$4.7 million (Cdn$6.1 million) brokered private placement financing announced on March 11, 2004, resulting in total gross financings of $5.7 million (Cdn$7.4 ...