GOAT Industries Closes Final Tranche Of Private Placement

Core Points - GOAT Industries Ltd. has completed the final tranche of its non-brokered private placement, raising gross proceeds of C$3,360,513.30 through the sale of 11,201,711 units at C$0.30 per unit, bringing the total raised to C$5,379,713.10 [1][3] Group 1 - Each unit consists of one common share and one-half of a common share purchase warrant, with each warrant allowing the purchase of an additional share at $0.45 for two years [2] - The net proceeds will be used to fund the acquisition of 1509467 B.C. Ltd. and Vroom, Inc. (collectively known as BETSource), to expand BETSource's business, for future investments, and for general corporate purposes [3] - The company paid finder's fees totaling C$64,869.00 and issued 216,230 broker warrants, each allowing the acquisition of one-half of a common share at C$0.45 for two years [4] Group 2 - All securities issued under the offering are subject to a statutory hold period of four months and one day from the date of issuance [5] - GOAT Industries Ltd. is focused on investing in high-potential companies across various industries to generate maximum returns [6]