QualityStocksNewsBreaks – Patriot One Technologies, Inc. (TSX.V: PAT) (OTCQB: PTOTF) Closes $11.5M Financing; Fast-tracks Expansion & Development Plans
Patriot One Technologies, Inc. (TSX.V: PAT) (OTCQB: PTOTF) this morning said it has closed on the previously announced $10 million financing with a syndicate of underwriters led by Canaccord Genuity Corp. The financing increased to $11.5 million in gross proceeds to the company at the time of closing. The company also announced the addition of two PhD engineers to run the company’s new London Development center. Additionally, the financing supports research to develop future technology such as mobile applications including wearable devices for police officers. "These funds will not only enable us to increase our base of scientific knowledge with…