Rockwater Capital Corp. announced Tuesday that it has completed the final tranche of its previously announced private placement of $ 15.4 million, raising gross proceeds of $927,850 through the sale of 1,205,000 Rockwater Series “B” Special Warrants.

Each Series “B” Special Warrant entitles the holder to receive one Rockwater common share for no additional consideration.

The brokerage firm said the gross proceeds from the private placement will be used for general working capital.