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FUTR Corporation (TSXV: FTRC) Raises $1.25 Million via Private Placement
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Highlights
FUTR Corporation (TSXV: FTRC) has announced the completion of a non-brokered private placement, raising gross proceeds of $1.25 million. The offering involved the issuance of 6,250,000 units at a price of $0.20 per unit. Each unit comprises one common share and one warrant, with each warrant exercisable to purchase an additional share at $0.2875 until June 30, 2027.
The proceeds from this financing are intended to support the company’s general working capital needs and future growth initiatives, including evaluating and executing potential acquisitions. The offering was conducted under exemptions from the prospectus requirements in accordance with Canadian securities laws and has received conditional approval from the TSX Venture Exchange.
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