09:53:00 EDT Mon 29 Apr 2024
Enter Symbol
or Name
USA
CA



Izotropic Corp
Symbol IZO
Shares Issued 51,855,021
Close 2023-09-12 C$ 0.23
Market Cap C$ 11,926,655
Recent Sedar Documents

Izotropic arranges $500,000 private placement

2023-09-13 13:28 ET - News Release

Mr. Robert Thast reports

IZOTROPIC CORPORATION ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Izotropic Corp. intends to complete a non-brokered private placement financing of up to two million units of the company at a price of 25 cents per each unit for a gross proceeds of up to $500,000. Each unit will consist of one common share and one transferable warrant, and each warrant will entitle the holder to purchase one additional share at a price of 50 cents per share for a period of two years from the closing of the offering.

Completion of the offering is subject to a number of conditions, including, without limitation, receipt of all necessary regulatory approvals.

It is the intention of the company that the proceeds from the offering will be used for general working capital.

All securities issued in connection with 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 legislation. The company does not intend to pay any finder's fees in connection with the offering. The company does not anticipate that any insiders of the company will participate in the offering.

We seek Safe Harbor.

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