NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. CALGARY, Alberta, July 29, 2024 (GLOBE NEWSWIRE) -- CEMATRIX Corporation (TSX:CEMX) (OTCQB:CTXXF) ("CEMATRIX" or the "Company"), a North American leading manufacturer and supplier of technologically advanced cellular concrete products, is pleased to announce that it has closed its previously announced "bought deal" private placement. The Company entered into an underwriting agreement (the "Underwriting Agreement") with Beacon Securities Limited ("Beacon") as lead underwriter and sole bookrunner, and Centurion One Capital (together with Beacon, the "Underwriters"), whereby the Company issued a total of 14,667,000 units (the "Units") at a price of $0.45 per Unit (the "Issue Price") for aggregate gross proceeds of $6,600,150 pursuant to Part 5A (the "Listed Issuer Financing Exemption") of National Instrument 45-106 – Prospectus Exemptions (the "Offering"), including the full exercise of the Underwriters' option for gross proceeds of $3,100,050. Each Unit consists of one common share of the Company and one-half of one common share purchase warrant of the Company (each whole warrant, a "Warrant"). Each Warrant entitles the holder thereof to acquire one common share (a "Warrant Share") at a price per Warrant Share of $0.60 for a period of 24 months from the closing of the Offering. The Company intends to use the net proceeds of the Offering to support its sales growth and for working capital. The securities issued under the Listed Issuer Financing Exemption are not subject to a hold ...