Raising $2 million

RAMTelecom Inc. is planning to raise $2 million through a brokered sale of roughly 7.41 million RAMTelecom.jpgshare units. The Ottawa company says it will use the net proceeds from the private placement, which will be handled by Toronto-based Regenesis Capital Management Inc., to upgrade its satellite communications services. The agreement will see RAMTelecom pay Regenesis 8% of the gross proceeds, as well as broker warrants equal to 8% of the number of units sold.

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