09:55:31 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Chemistree Technology Inc
Symbol CHM
Shares Issued 21,339,205
Close 2017-12-06 C$ 0.70
Market Cap C$ 14,937,444
Recent Sedar Documents

Chemistree closes $261,200 final tranche of financing

2017-12-08 09:26 ET - News Release

Mr. Karl Kottmeier reports

CHEMISTREE CLOSES FINAL TRANCHE OF PRIVATE PLACEMENT

Effective Dec. 7, 2017, Chemistree Technology Inc. has closed the final tranche of the non-brokered private placement as announced Aug. 3, 2017.

The final tranche comprised 1,044,800 common shares, issued at 25 cents per share, for gross proceeds of $261,200. Immediately following this private placement issuance, the company has 21,339,205 common shares issued and outstanding.

Securities issued under the placement are subject to a four-month hold period, which will expire four months from the date of closing.

In aggregate, the two tranches of the now-completed non-brokered private placement yielded gross proceeds of $1,547,700 and the issuance of 6,190,800 common shares. The proceeds from the placement will be used for general working capital purposes.

Chemistree is an exciting new company, focusing its efforts on social media, branding, licensing and marketing technology. In addition to marketing events, brands and any other activities in the cannabis industry, the company will continue to identify other avenues for growth for social media marketing services, as well as brand marketing, product marketing, and more general services such as financing and corporate consulting. Initially, the Pacific Northwest is the company's main target geography, but this is expected to expand from British Columbia and Washington into Oregon and eventually California.

© 2024 Canjex Publishing Ltd. All rights reserved.