Ms. Kelly Abbott reports
PARCELPAL ANNOUNCES PROPOSED PRIVATE PLACEMENT
ParcelPal Technology Inc. proposes to complete a non-brokered private placement financing of up to 20 million units at a price of five cents per unit for gross proceeds of up to $1-million.
Each unit will consist of one common share of ParcelPal and one-half of one share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share of ParcelPal at a price of 7.5 cents per share for a period of 24 months from the date of issue.
ParcelPal may pay finders a fee in cash or share purchase warrants.
Proceeds of the private placement financing will be used for marketing, development, expansion and general working capital purposes.
About ParcelPal Technology Inc.
ParcelPal is a technology-driven logistics company that connects consumers to the goods they love. Customers can shop at partner businesses and through the ParcelPal technology receive their purchased goods within an hour. The company offers on-demand delivery of merchandise from leading retailers, restaurants, medical marijuana dispensaries and liquor stores in Vancouver and soon in major cities Canada-wide.
We seek Safe Harbor.
© 2024 Canjex Publishing Ltd. All rights reserved.