37 Capital Closes Third Tranche of Equity Financing

Core Points - 37 Capital Inc. has closed the third tranche of equity financing, raising total gross proceeds of $90,625 by issuing 725,000 units at a price of $0.125 per unit [1] - Each unit consists of one common share and one share purchase warrant, allowing the purchase of one common share at $0.15 for three years [1] - The financing proceeds will be utilized for general working capital [2] Financing Details - A finder's fee of $6,344 was paid in cash, along with the issuance of 50,750 finder's warrants exercisable at $0.15 per share for two years [2] - All securities issued are subject to a hold period expiring on March 21, 2026 [2] Incentive Stock Options - The Company granted 400,000 incentive stock options to an insider, exercisable at $0.155 per common share for three years [3] - These options are reserved under the Company's 20% Rolling Stock Option Plan and are subject to a vesting period [3] - Shares issued from the exercise of these options will also be subject to a hold period expiring on March 21, 2026 [3]