Colored Ties Capital Inc. Confirms Completion of Private Fundraising
Coloured Ties Capital Inc. Completes Non-Brokered Private Placement
Coloured Ties Capital Inc., a Canadian-based company, has recently completed a non-brokered private placement to raise up to $1,000,000. The company issued 4,444,444 units at $0.225 per unit. Each unit comprises one common share and one warrant exercisable at $0.28 per share for 36 months.
The private placement is intended to strengthen the company's financial position and support ongoing operations. The securities issued are subject to a hold period of four months plus a day. The proceeds from the Offering will be used for corporate and general working capital purposes.
The private placement consisted of 4,444,444 units. Each unit comprises one common share and one common share purchase warrant. The warrant allows the holder to acquire one common share at $0.28 per share for 36 months.
The offering required and was subject to the approval of the TSX Venture Exchange. However, it is important to note that the press release does not have the approval of the TSX Venture Exchange's Regulation Services Provider.
For further information, interested parties can contact Kal Malhi, the CEO of Coloured Ties Capital Inc., at [email protected]. The press release was provided by Newsfile via QuoteMedia, and a link to the source version of the press release can be found at this location.
It is worth mentioning that the securities are not registered under the U.S. Securities Act or any state securities laws. Moreover, the press release is not for distribution to U.S. newswire services or for dissemination in the United States.
In summary, Coloured Ties Capital Inc. has successfully completed a non-brokered private placement, raising up to $1,000,000 by issuing 4,444,444 units at $0.225 per unit. Each unit comprises one common share and one common share purchase warrant, with the warrant allowing the holder to acquire one common share at $0.28 per share for 36 months. The proceeds from the Offering will be used for corporate and general working capital purposes, subject to regulatory approvals.
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