Mr. Jake Kalpakian reports
37 CAPITAL CLOSES NON-BROKERED PRIVATE PLACEMENT
Further to 37 Capital Inc.'s news releases dated March 27, 2024, and May 15, 2024, the company has closed the private placement for gross proceeds of $29,000 and issued 290,000 units of the company. Each unit consists of one common share in the capital of the company and one share purchase warrant to purchase an additional common share in the capital of the company at the price of 15 cents per common share for a period of three years. All securities issued in connection with this financing include a hold period in accordance with applicable securities laws. The proceeds of this proposed financing shall be utilized for general working capital purposes.
An insider acquired 90,000 units in the capital of the company. The issuance of units to the insider is considered to be a related party transaction subject to Multilateral Instrument 61-101. 37 Capital is relying on exemptions from the formal valuation and minority shareholder approval requirements provided under Section 5.5(c) and 5.7(1)(b) of Multilateral Instrument 61-101.
For more information on the company, you may contact the company at 604-681-0204, or visit the company's website or the Canadian Securities Exchange's website.
We seek Safe Harbor.
© 2025 Canjex Publishing Ltd. All rights reserved.