TORONTO, Dec. 18, 2025 /CNW/ - Baylin Technologies Inc. (the "Company") (TSX: BYL) (OTCQB: BYLTF) is pleased to announce that it has completed its previously announced brokered private placement of 41,250,000 subscription receipts at a price of $0.25 per subscription receipt for gross proceeds of $10,312,500, led by Paradigm Capital Inc. (the "Agent"). The proceeds of the private placement will be used by the Company to finance a portion of the purchase price for the previously announced acquisition of Kaelus AB (the "Acquisition"). Each subscription receipt will entitle the holder to receive one common share of the Company upon closing of the Acquisition and satisfaction of certain other conditions (collectively, the "Escrow Release Conditions"). Completion of the Acquisition remains subject to the satisfaction of a number of conditions, described in greater detail below.
Read more at newswire.caBAYLIN TECHNOLOGIES ANNOUNCES COMPLETION OF PRIVATE PLACEMENT OF $10.3 MILLION OF SUBSCRIPTION RECEIPTS
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