Yaletown-backed Solegear goes public, raises $4.2 mln private placement
Solegear Bioplastic Technologies Inc has obtained a public listing on the TSX Venture Exchange following the close of a previously announced qualifying transaction with Rodeo Capital III Corp, now known as SBTI. SBTI will now be listed as a Tier 2 exchange issuer. Solegear, a Vancouver-based maker of high-performance bioplastics products, said it also raised $4.2 million in a private placement financing and debt conversion. Canadian venture capital firm Yaletown Venture Partners, which led the company's Series A round in 2012, subscribed for units valued at $300,000. Also backed by Best Buy Capital and angel investors, Solegear secured a venture debt facility from Comerica last October.
27 March 2015•7 mins read
