DATA Communications Management Corp. Announces Closing of Over-subscribed Rights Offering Raising Maximum Gross Proceeds of $4.95 Million
Summary
BRAMPTON, Ontario--(BUSINESS WIRE)--DATA Communications Management Corp. (TSX: DCM) (“DCM” or the “Company”) has closed its previously announced rights offering (the “Rights Offering”), raising gross proceeds of $4.95 million. The following information is being provided in respect of Michael G. Sifton, a director of the Company, in accordance with National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. Depending upon the circumstances, including but not limited to the Company’s business and prospects, market and general economic conditions and other available investment opportunities, however, Mr. Sifton and his joint actors may, in the future, acquire additional securities or related financial instruments of the Company or dispose of all or a portion of the securities or related financial instruments of the Company previously acquired. DCM pairs customer insights and thought leadership with cutting-edge products, modular enabling technology and services to power its clients’ go-to market strategies. DCMs extensive experience has positioned it as an expert at providing communication solutions across many verticals, including the financial, retail, healthcare, consumer health, energy, and not-for-profit sectors.