12:59:46 EDT Sun 28 Apr 2024
Enter Symbol
or Name
USA
CA



37 Capital arranges $100,000 FT financing

2023-06-05 18:36 ET - News Release

Mr. Jake Kalpakian reports

37 CAPITAL ANNOUNCES FLOW-THROUGH SHARE FINANCING

37 Capital Inc. intends to raise funds for gross proceeds of up to $100,000 by the issuance of up to four million flow-through units of the company at a price of 2.5 cents per unit. Each flow-through unit will consist of one flow-through common share of the company and one non-flow-through share purchase warrant to acquire one non-flow-through common share of the company at a price of five cents for a period of five years. All securities that may be issued in connection with this financing will be subject to a four-month-and-a-day hold period. Finders' fees may be payable in respect to this transaction and certain insiders may participate in this financing. The funds raised from this financing will be used toward exploration work expenditures on the company's mineral property located in the province of British Columbia. In the event that the company's shares trade on the Canadian Securities Exchange at 20 cents per share or above for a period of 10 consecutive trading days, a forced exercise provision will come into effect for the warrants issued in connection with this financing.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.