Mr. Jake Kalpakian reports
37 CAPITAL CLOSES THIRD TRANCHE OF EQUITY FINANCING
Further to 37 Capital Inc.'s new releases dated Sept. 26, Oct. 17 and Nov. 17, 2025, the company has closed the third tranche of the equity financing for total gross proceeds of $90,625 and issued 725,000 units at the price of 12.5 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 15 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 funds raised from the financing will be used toward general working capital.
The company paid finder's fee of $6,344 in cash and issued 50,750 finder warrants exercisable at 15 cents per share for a period of two years. All securities that have been issued in connection with the above closing are subject to a four-month-and-one-day hold period expiring on March 21, 2026.
In addition, the company has granted 400,000 incentive stock options to an insider exercisable at the price of 15.5 cents per common share for a period of three years. These options have been reserved for issuance pursuant to the company's 20-per-cent rolling stock option plan, subject to vesting period. Any shares issued pursuant to the exercise of the options will be subject to a hold period expiring on March 21, 2026.
We seek Safe Harbor.
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