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Toronto, Ontario--(Newsfile Corp. - February 28, 2023) - Advance United Holdings Inc. (CSE: AUHI) (OTCQB: AUHIF) (FSE: 9I0) (the "Company" or "Advance United") is pleased to announce a non-brokered private placement through the issuance of up to 5,000,000 units (each, a "Unit") at a price of $0.05 per Unit and up to 3,571,428 flow-through units ("FT Unit") at a price of $0.07 per FT Unit for aggregate gross proceeds of up to $500,000 (the "Offering").
Each Unit shall be comprised of one common share ("Common Share") in the capital of the Company and one Common Share purchase warrant (each, a "Warrant") of the Company. Each Warrant shall entitle the holder thereof to acquire one Common Share at a price of $0.10 per Common Share for a period of five (5) years from date of issuance. Each FT Unit shall be comprised of one Common Share, issued on a flow-through basis ("FT Share") and one Common Share purchase warrant, issued on a non-flow-through basis (each, a "FT Warrant"). Each FT Warrant shall entitle the holder thereof to acquire one Common Share at a price of $0.10 per Common Share for a period of five (5) years from date of issuance. The FT Shares will qualify as "flow-through shares" within the meaning of subsection 66(15) of the Income Tax Act (Canada). The Company may pay finder's fees in accordance with the rules and policies of the Canadian Securities Exchange. Advance United Holdings Announces Private Placement (newsfilecorp.com)
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