Post by
Shwayjao on Oct 31, 2020 2:14pm
This Tells Me...
.....that they are still months away from finalizing this cluster f... The stated stock price of .16 per share, then to .40, tells me they are, at best now, about to file the paperwork for the next reverse split, as the .16/.40 price was associated with the 20/1 split.
Easter drinks, and with the real Easter Bunny, it is.
Cheers
HIT Technologies Completes the Second Tranche of Unit Financing October 27, 2020 – HIT Technologies Inc. (the "Company"; TSX.V: HIT) is pleased to announce, further to its news release of September 23, 2020, that it has closed the second tranche of its previously announced non-brokered private placement of up to 1,250,000 units (the “Units”) at a price of $0.16 per Unit for gross proceeds of up to $200,000. The second tranche consisted of 545,000 Units at a price of $0.16 each and each Unit is comprised of one common share of the Company and one share purchase warrant, entitling the holder to purchase an additional common share at a price of $0.40 per share subject to certain acceleration until October 27, 2022. The placement remains subject to final approval of the TSX Venture Exchange. The balance of the Offering is expected to close in the near future. The Company plans to use the funds from the financing to fund its ongoing transaction with Carbeeza Ltd., and for general working capital purposes. All securities comprising the Units are subject to a fourmonth statutory hold period ending on February 28, 2021.
HIT Technologies Completes the First Tranche of Unit Financing October 23, 2020 – HIT Technologies Inc. (the "Company"; TSX.V: HIT) is pleased to announce, further to its news release of September 23, 2020, that it has closed the first tranche of its previously announced non-brokered private placement of up to 1,250,000 units (the “Units”) at a price of $0.16 per Unit for gross proceeds of up to $200,000. The first tranche consisted of 46,875 Units at a price of $0.16 each and each Unit is comprised of one common share of the Company and one share purchase warrant, entitling the holder to purchase an additional common share at a price of $0.40 per share subject to certain acceleration until October 20, 2022. The placement remains subject to final approval of the TSX Venture Exchange. The balance of the Offering is expected to close in the near future. The Company plans to use the funds from the financing to fund its ongoing transaction with Carbeeza Ltd., and for general working capital purposes. All securities comprising the Units are subject to a four-month statutory hold period ending on February 21, 2021.