On December 17, 2019, PAYFARE Inc. completed a brokered private placement of common shares at a price of $0.55 per common share for aggregate gross proceeds of approximately $4.45 million.
Canaccord Genuity Corp. acted as the sole agent in connection with the private placement.
Cassels acted for Canaccord Genuity Corp. with a deal team that included Jay King, Kyle Simpson, Jasmine Qin and Florence Lau (Securities).