Liberty Defense Holdings Ltd.’s C$7.13 Million Private Placement

Fasken advised Canaccord Genuity Corp. in connection with the offering.

Liberty Defense Holdings Ltd., a leading concealed weapons detection company, closed an oversubscribed brokered private placement of 14,260,000 units (including 1,860,000 Units issued pursuant to the exercise in full of an over-allotment option) at a price of C$0.50 per Unit for gross proceeds of C$7,130,000.

The net proceeds from the Offering are intended to fund development of the Company’s latest technology that was recently licensed from the Pacific Northwest National Laboratory as well as further development of the Company’s HEXWAVE technology.

Canaccord Genuity Corp. acted as agent and sole bookrunner under the Offering.

Liberty Defense Holdings, Ltd. (TSXV:SCAN)(OTCQB:LDDFF) (FWB:LD2A) operates as a holding company. The Company, through its subsidiaries, provides security detection solutions for metallic and non-metallic threat objects such as guns, assault rifles, knives, and explosives. Liberty Defense Holdings serves customers in Canada.

The Fasken team was led by Mike Stephens (Picture) and Martin Ferreira Pinho and included Brandon Deans and Regan Brodziak (Corporate Finance & Securities)

Involved fees earner: Regan Brodziak – Fasken Martineau; Brandon Deans – Fasken Martineau; Martin Ferreira Pinho – Fasken Martineau; Mike Stephens – Fasken Martineau;

Law Firms: Fasken Martineau;

Clients: Canaccord Genuity;

Author: Martina Bellini