Calgary, Alberta (Newsfile Corp. - March 30, 2022) - Zedcor Inc. (the "Company" or "Zedcor") (TSXV: ZDC) is pleased to announce that it has raised gross proceeds of $2,616,965 through the offering of
Calgary, Alberta (Newsfile Corp. - February 28, 2022) - Zedcor Inc. (TSXV: ZDC) (the "Company" or "Zedcor") is pleased to announce that it has filed, and obtained a receipt for, a preliminary short form
Calgary, Alberta (Newsfile Corp. - October 8, 2021) - Zedcor Inc. (TSXV: ZDC) (the "Company" or "Zedcor") announced today that at the request of the Corporation, its former auditor, KPMG LLP ("Former
Calgary, Alberta (Newsfile Corp. - August 26, 2021) - Zedcor Inc. (TSXV: ZDC) (the "Company" or "Zedcor") announces that options to purchase 150,000 common shares of the Company were granted to a director
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Calgary, Alberta (Newsfile Corp. - June 30, 2021) - Zedcor Inc. (TSXV: ZDC) (the Company or Zedcor ) is pleased to announce that further to its press release dated May 27, 2021, it has completed the sale of its Rentals Segment assets to Maynbridge Capital Inc ( Maynbridge ).
Gross cash proceeds from the transaction were $11.3 million. This amount will be applied against Zedcor s indebtedness to Maynbridge. As a result of the transaction, the Company s outstanding debt to Maynbridge, which excludes amounts drawn on the operating line of credit, is below $5.0 million. The Company s outstanding debt now represents less than two times EBITDA on a trailing twelve-month basis. As a result of the reduced leverage, Zedcor has been in discussions with its banking partners to secure additional equipment financing to expand its fleet of MobileyeZ security towers and continue growing its operations across Canada.