Accelware plans to complete a non-brokered private placement of 2.4 million common shares to Investors Group Mergers & Acquisitions Fund, an investment fund, at a price of $0.83 per common share for gross proceeds of $2 million.

In response, Accelware has agreed to pay a finder’s fee of $150,000 and issue an aggregate of 100,000 finder’s compensation warrants.