Core Viewpoint - 37 Capital Inc. has successfully closed the second tranche of its equity financing, raising a total of $62,500 through the issuance of 500,000 units at a price of $0.125 per unit, with each unit comprising one common share and one share purchase warrant [1][2] Financing Details - The financing raised $62,500, with 500,000 units issued at $0.125 each [1] - Each unit includes a warrant allowing the purchase of one common share at $0.15 for three years [1] - A forced exercise provision for the warrants will activate if the company's shares trade at $0.35 or above for 10 consecutive trading days after six months from issuance [1] Use of Proceeds - Funds from the financing will be allocated towards general working capital [2] Insider Transactions - An insider acquired 320,000 units from the financing, which is classified as a related party transaction [3] - The company is utilizing exemptions from formal valuation and minority shareholder approval requirements under Multilateral Instrument 61-101 [3] Regulatory Notes - All securities issued are subject to a hold period expiring on March 18, 2026 [2] - The Canadian Securities Exchange (CSE) has not reviewed the news release and does not accept responsibility for its accuracy [3]
37 Capital Closes Second Tranche of Equity Financing
Newsfileยท2025-11-18 01:57