Mr. Dean Bethune reports
DARELLE ONLINE SOLUTIONS INC. ANNOUNCES PRICE RESERVATION FOR $1.75 MILLION
PRIVATE PLACEMENT
Darelle Online Solutions Inc. has filed a Form 4A with the TSX Venture Exchange on March 3, 2025, to reserve pricing in connection with a proposed non-brokered private placement of up to 14,583,333 units of the company at a price of
12 cents per unit, for total proceeds of up to $1.75-million.
Each unit will consist of one common share of the company and one transferable
common share purchase warrant. Each warrant will entitle the
holder to purchase one additional common share of the company at an exercise price
of 16 cents per share for a period of 24 months from the date of closing.
The warrants will be fully transferable, subject to compliance with applicable securities
laws and the policies of the exchange.
The net proceeds of the offering are expected to be used for debt repayment, platform
development on the Darelle raffle platform and general working capital purposes.
The offering is subject to acceptance by the exchange, and all securities issued under
the offering will be subject to a statutory hold period of four months and one day from
the date of issuance in accordance with applicable securities laws.
About Darelle Online Solutions Inc.
Darelle is a British Columbia corporation with its head office in
Vancouver, B.C. The Darelle platform is an on-line marketplace that has
developed a platform in which charitable and non-profit organizations can create, sell,
deliver and manage their raffle ticket and 50/50 draws completely on-line. The company
is listed on the TSX Venture Exchange as a Tier 2 technology issuer. The company
has a total of 2,456,939 common shares issued and outstanding.
We seek Safe Harbor.
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