DragonWave (DRWI) Gains on Direct Offering

DragonWave Inc.

shares improved 3.7% to $6.15, on closing a registered direct offering previously announced on April 7. The price per common share and half of a warrant was $7.25 and resulted in total gross proceeds to the Company of $4.35 million. Share volume was 337,000, compared to an all-day average of 180,000