Bee Vectoring Technologies nets additional $1.1 mln in funding
Bee Vectoring Technologies International Inc (TSX-V: BEE), which went public in a reverse takeover deal in June, has raised an additional $1.1 million from a private placement offering. To date, the company has raised $4.2 million. Bee Vectoring has developed technology that uses bumblebees as a natural delivery mechanism for specialist powdered organic pesticides. It plans to use the net proceeds of the offering to further develop its manufacturing plant in Mississauga, Ontario and other purposes. The company also announced the appointment of Ashish Malik, an executive at Bayer CropScience, as an advisor.
5 November 2015•3 mins read
