Royal Bank of Canada announced that it expects to receive $7.92 million in funding
On January 24, 2014, the company amended the terms of the transaction. The company announced that it will raise additional $6,200,000 in this transaction. The additional proceeds will be raised from 21 investors. RBC Capital Markets, LLC and Credit Suisse Securities (USA) LLC will act as placement agent to the company and will receive sales commissions $64,480 for the additional proceeds.
As of February 3, 2014, the company received $6,200,000 from 21 investors in its first tranche.