Transaction|October 3, 2016
Vogogo closes non-brokered private placement
Torys acted as counsel to Vogogo with a team that included Janan Paskaran, Yvan Moquin and Kay Turner.
On October 3, 2016, Vogogo Inc. ("Vogogo") closed the non-brokered private placement of its common shares, previously announced on August 18, 2016. Pursuant to the offering, Vogogo distributed a total of 27,272,727 shares for aggregate gross proceeds of C$2,999,999.97.
The net proceeds of the offering will be used for general corporate purposes and to augment the company's cash reserves.
Vogogo has provided payment processing and related transaction risk services, in addition to developing software that administers multiple electronic payment types in the US, UK and Canadian markets.
Further information can be found on Marketwired's website.