Gatekeeper Announces Closing of Its $13.5 Million Bought Deal Private Placement, Including Full Exercise of Over-Allotment Option

Executive Summary

• Gatekeeper Systems Inc. closed a brokered private placement of 6,427,476 common shares at $2.10 per share, generating gross proceeds of $13,497,699.60.
• The offering included the full exercise of an over‑allotment option for 1,627,476 shares and was underwritten by Canaccord Genuity Corp. and Raymond James Ltd.
• Net proceeds are earmarked to fund growth opportunities, support working capital for recently awarded major contracts, and general corporate purposes; the transaction remains subject to final TSX Venture Exchange approval.

Key Details

• Shares Issued: 6,427,476 common shares (including 1,627,476 over‑allotment shares).
• Price per Share: $2.10.
• Gross Proceeds: $13,497,699.60.
• Underwriters / Co‑Lead Underwriters: Canaccord Genuity Corp. and Raymond James Ltd. (also acted as joint bookrunners).
• Over‑Allotment Option: Fully exercised for 1,627,476 shares.
• Cash Commission Paid to Underwriters: $809,862 (6.0% of gross proceeds).
• Financing Structure: Private placement relying on the “listed issuer financing” exemption under NI 45‑106; also qualified for exemptions in other jurisdictions.
• Use of Proceeds: Growth initiatives, working capital for newly awarded major contracts, and general corporate purposes as outlined in the offering document.
• Regulatory Condition: Subject to final approval by the TSX Venture Exchange.

Notable Quotes

(No direct quotes were provided in the release.)