00:51:28 EDT Wed 15 May 2024
Enter Symbol
or Name
USA
CA



Pushfor Tech Inc (2)
Symbol PUSH
Shares Issued 12,210,986
Close 2023-06-15 C$ 0.06
Market Cap C$ 732,659
Recent Sedar Documents

Pushfor Tech closes $400,000 private placement

2023-06-19 16:28 ET - News Release

Mr. Lucky Janda reports

PUSHFOR CLOSES OVERSUBSCRIBED NON-BROKERED PRIVATE PLACEMENT

Pushfor Tech Inc. has closed its non-brokered private placement. The company raised proceeds of $400,000 through the sale of eight million units. The initial number of units was anticipated to be six million, as announced June 9, 2023.

Pursuant to the terms of the financing, each unit consists of one common share in the equity of the company and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share of the company at a price of six cents per share for a period of two years from the closing of the financing. Warrants are subject to a four-month acceleration upon the shares trading for 10 consecutive days at 25 cents or more.

Any securities issued as a result of the financing will be subject to a statutory hold period. Proceeds of the financing will be used by the company to pay down debt and entertain project investment. The financing is subject to exchange policies.

Certain officers of the company have acquired units in the financing. Such participation is considered a related party transaction as defined under Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The transaction will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of any securities issued to or the consideration paid by such persons will exceed 25 per cent of the company's market capitalization

We seek Safe Harbor.

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