HS GovTech Solutions Inc. Completes $2.17 million Debenture Offering

October 18, 2022

HS GovTech Solutions Inc. (CSE: HS) has completed a private placement of units, consisting of unsecured, non-convertible debentures and common share purchase warrants, for gross proceeds of $2.17 million. Echelon Wealth Partners Inc. acted as the sole agent and bookrunner for the offering.

HS GovTech is an industry leading software as a service company serving the state, provincial and local government market across the United States and Canada. HS GovTech’s platforms currently provide inspection, information, communication and data management systems that enable government agencies to operate more efficiently. HS GovTech’s cloud and mobile based platforms are currently deployed in over 800 state and local government organizations across North America. HS GovTech currently offers the only fully integrated inspection, administration and analytics product suite across all platforms in North America, and also delivers its government grade technologies to private businesses, enabling citizens and private businesses to gain visibility and predictability into their own organizations and move from a reactive to a proactive operational status.

Wildeboer Dellelce LLP acted for Echelon in connection with the offering with a team comprised of Michael Rennie, Natalie Tershakowec and Marcus Moore (corporate/securities) and James Padwick (Debt Products).