SeaMiles to raise $5 million from private placement of shares, warrants

By Laura Lutz

Des Moines, July 6 - SeaMiles Ltd. plans to conduct a private placement of shares and warrants for up to $5 million.

Detailed terms of the placement were not announced.

SeaMiles has engaged a placement agent for the deal.

Proceeds will be used for the company's strategic initiatives.

SeaMiles is a Toronto-based provider of cruise loyalty services.

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