AVAC-backed Redfall Technologies to go public
Capital pool company Southtech Capital Corp (TSX-V: STU.P) announced that Redfall Technologies Inc, which does business as Vogogo, has agreed to amalgamate under the issuing name Vogogo Inc. In connection with the deal, Redfall intends to complete a $5.4 million private placement and $20 million share exchange. Tony Lacavera, chairman and CEO of Globalive Holdings and WIND Mobile, is a proposed director of the new company. Based in Calgary, Redfall is an online payment and transaction processing business. Founded in 2008, it is a portfolio company of Canadian venture capital firm AVAC. AVAC invested $1 million in Redfall in July 2013.
8 May 2014•10 mins read
