SureNano Announces Closing of $1,250,000 Private Placement

Core Viewpoint - SureNano Science Ltd. has successfully closed a non-brokered private placement, raising $1,250,000 through the issuance of 10,000,000 units at a price of $0.125 per unit [1] Group 1: Private Placement Details - Each unit consists of one common share and one common share purchase warrant, with each warrant allowing the holder to acquire one common share at a price of $0.35 for 24 months [2] - The warrants are subject to an acceleration provision, allowing the company to expedite the expiry if its shares trade at $0.50 or greater for ten consecutive trading days [2] - The company paid cash commissions of $75,000 and issued 600,000 finder's warrants to brokerage firms for introducing subscribers [4] Group 2: Use of Proceeds - The proceeds from the private placement will be used for operating expenses, including legal and audit fees, general working capital, and exploring new markets for its SureNano™ surfactant [6] - Additionally, the funds may be allocated towards potential business combinations or acquisitions if approved by the Board [6] Group 3: Company Overview - SureNano Science Ltd. specializes in the sale and distribution of the SureNano™ surfactant, a food-grade compound that enhances the performance of nanoemulsions [7] - The company holds an exclusive license to distribute the SureNano™ surfactant in Canada and specific regions in the USA, including Oklahoma and Colorado [7]