March 27, 2017 / 11:20 AM / 4 months ago

BRIEF-Kraken Sonar announces C$2 mln private placement

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March 27 (Reuters) - Kraken Sonar Inc

* Kraken announces C$2,000,000 private placement

* Kraken Sonar Inc - pursuant to offering, company may issue up to an aggregate of up to 11.1 million units at a price of cdn$0.18 per unit

* Kraken Sonar Inc - intends to use net proceeds of offering for build of additional inventory for customer trials Source text for Eikon: Further company coverage:

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