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Highlights
- Syntheia plans to issue up to 35,000,000 units at CAD 0.12 per unit to raise gross proceeds of CAD 4.2 million.
- Each unit includes a caommon share and a warrant exercisable at CAD 0.16 for five years.
- Proceeds will help fund working capital and partially finance the Call Centre Guys Inc. asset acquisition.
Syntheia Corp. (CSE:SYAI) has announced a non-brokered private placement offering gross proceeds of up to CAD 4.2 million, according to a July 23 press release. The company intends to issue up to 35,000,000 units, priced at CAD 0.12 per unit.
Each unit will consist of one common share and one warrant. The warrant will entitle the holder to purchase one additional common share at an exercise price of CAD 0.16, expiring five years from the closing date. However, if the company’s shares trade at a volume-weighted average price above CAD 0.20 for 20 consecutive trading days, the expiry can be accelerated. In such a case, warrant holders will be given at least 30 days’ notice via press release.
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