Relay Ventures' theScore to raise $23 mln in bought deal financing
Toronto-based theScore Inc (TSX-V: SCR), a portfolio company of Canadian venture capital firm Relay Ventures, has agreed to undertake a bought deal offering. The transaction, which includes an over-allotment option, will see underwriters purchase units that give the company gross proceeds of about $23 million. Net proceeds will be used by the theScore to develop its mobile sports apps, expand sales and marketing activity, and other purposes. The company recently entered the 2015 TSX Venture 50, a list of the top 50 businesses on the TSX Venture Exchange.
13 February 2015•4 mins read
