A local cloud software developer says it plans to use a portion of a fresh $1.5-million financing round to advance its expansion into the growing blockchain field.
LeoNovus (TSX-V: LTV) says it’s issuing 30 million units – each consisting of one common share and one warrant entitling the buyer to purchase an additional share – at five cents each, for total proceeds of $1.5 million.
“We continue to get significant interest from enterprise customers regarding our core storage, security and compliance architecture and believe that our Blockchain strategy will further enhance our product offering,” said LeoNovus CEO and chairperson Michael Gaffney in a statement.
(Sponsored)
SnowBall 2026: A premier networking event with purpose returns to 50 Sussex Dr.
As winter settles in across the capital, one of Ottawa’s most high-profile charitable and business networking events is set to return to its roots: On Wed., March 4, 2026, The
The story behind Glenview Homes’ 2025 GOHBA award-winning Reveli floor plan
When Glenview Homes’ Design and Drafting Manager Eno Reveli sat down to design a new production floor plan, he wasn’t thinking about awards or show homes. He was thinking about
LeoNovus develops software that enables a company’s data to be securely hosted across a network cloud storage systems.
The company has not made any sales in its last six quarters. Two weeks ago, LeoNovus managers said in a regulatory filing that it has several proof-of-concept installations and expects to start generating revenues by this fall.
The company had a net loss of US$794,000 in the first six months of 2017.
LeoNovus stocks were up two cents to 8.5 cents per share in late afternoon trading Monday on the TSX Venture Exchange
Interested in blockchain technology? Read reporter Craig Lord’s feature in the new print edition of Techopia.
