Innovators: Kraken Announces $2.3 Million Private Placement with Ocean Infinity

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    Kraken Announces $2.3 Million Private Placement with Ocean Infinity

    added on June 25, 2018 @ 8:51am by Admin

    Kraken Robotics Inc. (TSX-V: PNG) (OTCQB: KRKNF) is pleased to announce a non-brokered private placement offering with Ocean Infinity Ltd. (the “Offering”) whereby Ocean Infinity will acquire 11,520,000 units (the “Units”) in Kraken which, upon completion, will result in Ocean Infinity owning 9.99% of Kraken’s issued common shares. Kraken’s relationship with Ocean Infinity started in 2017, and this investment in Kraken forms the starting point for the expansion of this relationship. Given this, Kraken and Ocean Infinity are working towards negotiating the terms of a strategic alliance to promote more closely aligned cooperation in maritime robotics technology, products, and services. Read more