Veronex Plans to Grow

Computer software maker International Veronex Resources Ltd. said Thursday that it has completed a private placement agreement with an investment banker that could bring as much as $6.2 million to the company.

Veronex said that Robb, Peck, McCooey Clearing Corp. will buy up to 502,000 shares of common stock and can exercise warrants to buy an additional 602,400 shares.

The private placement permits Veronex to build the infrastructure needed to manage a growth spurt expected in the coming months, David Hite, the company’s chairman, said in a release.