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Coloured Ties Capital Inc. V.TIE

Alternate Symbol(s):  APEOF

Coloured Ties is an “investment issuer” listed on the TSX-V and invests in early stage and pre-ipo opportunities in emerging and exciting sectors. The Company utilizes Management’s deep contacts in the venture capital sector to identify and capitalize on early stage investments that are ethically right and offer tremendous returns. Coloured Ties invests in all sectors of the junior capital markets and assists entrepreneurs in getting their businesses funded and listed on various stock exchanges.


TSXV:TIE - Post by User

Post by pigsandsheepon Jul 23, 2021 3:38pm
133 Views
Post# 33597214

News on PP closing today

News on PP closing today

GrowMax closes $1.22M private placement

Mr. Kal Malhi reports

GROWMAX ANNOUNCES CLOSING OF PRIVATE PLACEMENT

GrowMax Resources Corp. has closed its non-brokered private placement resulting in gross proceeds of approximately $1,224,000. The placement consisted of the issuance of 18,830,769 units at a price of 6.5 cents per unit. Each unit consisted of one common share of the company and one common share purchase warrant, with each warrant exercisable to acquire one share at eight cents per share until July 23, 2026. 

All securities issued in the placement are subject to a hold period expiring Nov. 24, 2021.

The company intends to use the proceeds of the placement for general working capital purposes. The placement is subject to final acceptance by the TSX Venture Exchange upon filing of final documentation.

Certain insiders of the company acquired units in the placement. The participation by such insiders in the placement constituted a related-party transaction as defined under Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). Such participation was exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 based on the fact that neither the fair market value of the shares subscribed for by the insiders, nor the consideration for the shares paid by such insiders, exceeded 25 per cent of the company's market capitalization.

© 2021 Canje

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