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BURNABY, BC, May 8, 2024 /CNW/ - Tantalus Systems Holding Inc. (TSX: GRID) ("Tantalus" or the "Company") is pleased to announce that it has entered into an agreement with a syndicate of investment dealers led by Cormark Securities Inc. and Canaccord Genuity Corp. (collectively, the "Underwriters") pursuant to which the Underwriters have agreed to purchase, on a bought deal private placement basis, 6,250,000 common shares (the "Common Shares") from the treasury of the Company, at a price of C$1.60 per Common Share for total gross proceeds of approximately C$10 million (the "Offering").
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