Delavaco to invest in Sprylogics' $2 mln private placement
Sprylogics International Corp (TSXV: SPY) has said it will complete a non-brokered private placement intended to generate $2 million in gross proceeds. Delavaco Group, a Canadian private equity and merchant banking firm, will be the lead investor in the transaction. Based in Concord, Ontario, Sprylogics is a provider of local mobile solutions for consumers and businesses. The company plans to use proceeds of the deal to promote and develop its BreakingSports app, which distributes sports information tracked on social media.
2 March 2015•4 mins read
