Anyone who is currently looking into stocks which may have recorded major gains over the past month could do well to take a look at the Cloud DX (OTCMKTS:CDXFF) stock. The stock has emerged as a massive gainer in the past month and clocked gains of a staggering 123% so far.
Trading Data
On Tuesday, CDXFF stock ended flat at $0.3568 with more than 100 shares, compared to its average volume of 5.70k shares. The stock has moved within a range of $0.3568 – 0.3568 after opening trade at $0.3568.
Announces $3 Million Brokered Private Placement of Convertible Debenture Units
In light of such massive gains, it may be a good time for investors to take a closer look at Cloud DX. As a matter of fact, the company was in focus once again on Tuesday after it announced that it had signed an agreement with the firm Echelon Wealth Partners Inc in relation to its brokered private placement.
In this particular private placement, the company is going to offer as many as 3000 convertible debentures in Cloud DX and the debentures have been priced at $1000 each. Cloud DX is hoping to raise as much as $3,000,000 from the private placement. These are all convertible debenture units.
In addition to that, it should be noted that the agent in this placement has also been provided with the option of taking up 450 convertible debenture units for which it will need to fork out $3450,000.
