Mr. Jake Kalpakian reports
37 CAPITAL ANNOUNCES FIRST TRANCHE CLOSING OF NON-BROKERED PRIVATE PLACEMENT
Further to 37 Capital Inc.'s news releases dated Oct. 1, 2024, the company has closed the first tranche of the private placement for gross proceeds of $65,000 and issued 650,000 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 the private placement include a hold period in accordance with applicable securities laws. The proceeds of this proposed financing shall be utilized for general working capital purposes.
The company paid a finder's fee of $1,500 in cash and issued 15,000 share purchase warrants exercisable for two years at the price of 15 cents per share.
We seek Safe Harbor.
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