Coloured Ties Capital Inc. Discloses Alterations to Private Investment Offerings with Potential Funds Acquired Reaching $1 Million
Coloured Ties Capital Inc. Announces Revised Private Placement
Coloured Ties Capital Inc., a Canadian-based company, has announced a change to its non-brokered private placement. The revised offering aims to raise up to $1,000,000 in gross proceeds by issuing 4,444,444 units at a price of $0.225 per unit.
Each unit consists of one common share and one common share purchase warrant. The warrants are exercisable at $0.28 per share for a period of 36 months (3 years). In connection with the offering, a finder's fee may be paid to eligible arm's length parties.
The funds raised from this private placement are intended for corporate and general working capital purposes. The offering is subject to approval by the TSX Venture Exchange.
The CEO of Coloured Ties Capital Inc. is Kal Malhi, and his email address is [email protected]. It is important to note that the press release is not for distribution to U.S. newswire services or for dissemination in the United States. The securities are not registered under the U.S. Securities Act and may not be offered or sold within the United States or to U.S. Persons unless registered or an exemption is available.
The closing of the offering is subject to certain conditions, including regulatory and TSX Venture Exchange approvals. To view the source version of the press release, visit this link. The press release was provided by Newsfile via QuoteMedia.
In a previous arrangement, Coloured Ties Capital Inc. aimed to raise $750,000, but this modification updates that target to $1 million. All securities issued are subject to a hold period of four months plus a day.
| Term/Condition | Detail | |-----------------------------|--------------------------------| | Gross proceeds | Up to $1,000,000 | | Units issued | 4,444,444 | | Price per unit | $0.225 | | Unit composition | 1 common share + 1 warrant | | Warrant exercise price | $0.28 per share | | Warrant expiry | 36 months (3 years) | | Finder's fee | Up to 8% to eligible parties | | Hold period | 4 months | | Use of proceeds | Corporate and general working capital | | Regulatory approval | Required from TSX Venture Exchange |
The revised private placement by Coloured Ties Capital Inc. targets a financial goal of up to $1,000,000, with the funds earmarked for business purposes such as corporate and general working capital. These proceeds may be augmented by a finder's fee paid to eligible parties during the process of investing.
