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FTI Foodtech International Inc V.FTI

FTI Foodtech International Inc. is a Canada-based company. The primary business of the Company is the resale of liquidation merchandise. The Company offers its solutions in industries, such as the surplus goods (liquidation goods) industry, the barter industry, the food industry, and personal protective equipment (PPE) Brand Store. The Company offers a variety of products, including disposable and fabric face masks, face shields, gloves, hand sanitizer and thermometers for health and food safety measures. The Company offers products through online orders.


TSXV:FTI - Post by User

Post by Jackmarstones60on Oct 05, 2020 3:46pm
92 Views
Post# 31668280

>> WoW! << >FTI Foodtech arranges $600,000 private placement

>> WoW! << >FTI Foodtech arranges $600,000 private placement

2020-10-05 15:12 ET - News Release

 

Mr. William Hullah reports

FTI ANNOUNCES $600,000 PRIVATE PLACEMENT

FTI Foodtech International Inc. intends to arrange a private placement for up to $600,000.

The proposed private placement would be a non-brokered offering of two million units of the issuer at a price of 30 cents per unit. Each unit will comprise one common share and one common share purchase warrant, with each warrant being exercisable to acquire one common share at a price of 50 cents per common share for a period of one year following the closing date of the private placement.

The proceeds will be used for costs related to sales and marketing of personal protective equippment (PPE) supplies and the rapid-result serological COVID-19 antibody test kit, to evaluate other opportunities, to cover the company's operating expenses, and to reduce company debt. A further press release will be issued once the financing has been completed.

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