On October 31, 2017, Patriot One Technologies Inc. (TSX.V: PAT) (OTCQB: PTOTF) (FRANKFURT: 0PL) announced the closing of its recently announced bought deal equity financing. The company sold 9,602,500 units for gross proceeds of $11,523,000, including proceeds from units sold pursuant to the full exercise of the underwriters’ over-allotment option
The offering was underwritten by a syndicate of underwriters led by Canaccord Genuity Corp. and including GMP Securities L.P.
Patriot One has developed PATSCAN CMR™, a first-of-its-kind Cognitive Microwave Radar concealed weapons detection system, designed as an effective tool to combat active shooter threats before they occur.
Miller Thomson advised Patriot One in this financing with a team that included Rory Godinho, Rhea Solis, Brian Fast, Elizabeth Holden and Robyn Enslen.