37 Capital Closes Second and Final Tranche of Private Placement

Core Points - 37 Capital Inc. has successfully closed the second and final tranche of its equity financing, raising total gross proceeds of $171,500 by issuing 2,450,000 units at a price of $0.07 per unit [1][2] - The total gross proceeds from the entire private placement amounted to $350,000 [1] - Each unit consists of one common share and one share purchase warrant, allowing the holder to acquire an additional common share at $0.10 for three years [1] Financing Details - The warrants include a forced exercise provision that allows for early exercise if the company's shares trade at $0.35 or higher for 10 consecutive trading days after six months from the issuance date [2] - Finder's fees of $1,575 were paid in cash, and 22,500 share purchase warrants were issued, exercisable at $0.10 per share for two years [2] - Proceeds from the financing will be utilized for general working capital purposes [3] Related Party Transactions - An insider of the company, along with a private company, acquired a total of 1,500,000 units, which is classified as a related party transaction [4] - The company is relying on exemptions from formal valuation and minority shareholder approval requirements under Multilateral Instrument 61-101 [4] Regulatory Information - All securities issued in connection with the second tranche are subject to a hold period of four months plus one day, expiring on January 16, 2026 [3] - The Canadian Securities Exchange has not reviewed or accepted responsibility for the adequacy or accuracy of the news release [4]