Private PlacementFrom Stockwatch June 7th: "On May 4, 2022, the company closed a first tranche of the offering pursuant to which it sold an aggregate of 4,218,470 units for gross proceeds of $759,324.60."
From Stockwatch May 28th:
"Mr. Schutte is a director of the company. On May 4, 2022, the acquiror acquired 2,102,303 units from the company on a private placement."
I wonder who bought the other 2,116,167 ?
The original total offered was 8,333,333. That is an additional 4,114,863 to be sold.....I wonder how it is going ?
From Stockwatch may 28th:
"outstanding shares as of May 4, 2022, based on the aggregate of 45,021,496 shares, consisting of: (i) 42,749,565 shares outstanding as of May 4, 2022; (ii) 303,030 shares that may be issuable on conversion of Class A preference shares; (iii) 355,000 shares that may be issuable on exercise of options; and (iv) 1,613,901 shares that may be issuable on exercise of warrants."
The current market capitalization @ $.12 is $5,402,579 . This is ripe for a hostel takeover !