Mr. Jake Kalpakian reports
37 CAPITAL CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT
Further to the news releases dated July 23, 2025, and July 30, 2025, 37 Capital Inc. has closed the first tranche of the equity financing for total gross proceeds of $178,500 and issued 2.55 million units at the price of seven cents per unit. Each unit consists of one common share of the company and one share purchase warrant to acquire one common share of the company at a price of 10 cents per share for a period of three years. If, any time after six months from the issuance date, in the event that the company's shares trade on the Canadian Securities Exchange at 35 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.
The company paid finders' fees of $2,450 in cash and issued 35,000 share purchase warrants exercisable at 10 cents per share for two years. The funds raised from the financing will be used toward general working capital.
All securities that have been issued in connection with the first tranche closing are subject to a four-month-and-a-day hold period expiring on Dec. 29, 2025.
We seek Safe Harbor.
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