TrackX Holdings completes $4.2 million private placement

May 26, 2016

On May 26, 2016, TrackX Holdings Inc. (formerly Cougar Minerals Corp.) completed a private placement of 16.8 million common shares with Haywood Securities Inc. acting as lead agent, for gross proceeds of $4.2 million (inclusive of the exercise of a 20% overallotment option). This financing closed concurrent with TrackX Holdings Inc.’s reverse takeover of TrackX, Inc.

TrackX, Inc. is a leading provider of radio frequency identification (RFID), GPS and sensor-enabled asset tracking and inventory management solutions across a broad range of industry verticals.

Dwight Dee of Miller Thomson advised Haywood with respect to this transaction.