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CS - Finance Briefs - July 31, 2019
Canadian bank BDC and its investment arm participated in a $10 million equity financing in Calgary’s Hifi Engineering Inc. with an existing company investor, each contributing half. Hifi develops and supplies next generation fiber optic sensing technology to monitor pipelines and oil and gas wells. Hifi will use proceeds to fund R&D and support its global commercial growth, it said. In addition to BDC, which is a bank specifically geared toward entrepreneurs, Hifi’s investors include Enbridge and Cenovus. Huntington Exploration Inc. announced that it would launch a nonbrokered......
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