Gratomic has raised $3.1 million (plenty of cash on hand) March 30, 2023 Toronto, ON. March 30, 2023 Gratomic Inc. (“Gratomic”, “GRAT” or the “Company”) (TSXV:GRAT) (OTCQX:CBULF) (Frankfurt:CB82) announces that it has completed the third tranche of a non-brokered private placement offering of up to 20,000,000 working capital units (“WC Units”) at a price of $0.30 per WC Unit for gross proceeds of up to $6 million (the “Offering”) with the placement of 1,090,000 WC Units for gross proceeds of $327,000. The Company has raised $3,050,980.50 to date.
Each WC Unit consists of one (1) Common Share and one (1) Common Share purchase warrant (a “WC Warrant”). Each WC Warrant entitles the holder to purchase one (1) Common Share (a “WC Warrant Share”) at a price of $0.45 per WC Warrant Share until March 29, 2025. The securities issued on this closing of the Offering are subject to a hold period expiring on July 30, 2023. Final closing of the remainder of the Offering is expected on or before April 11, 2023.