Business
City View Green Holdings Inc. Announces 1st Tranche Closing, the Increase of its Non-Brokered Private Placement and a Shares for Debt Settlement
Toronto, Ontario--(Newsfile Corp. - May 15, 2026) - City View Green Holdings Inc. (CSE: CVGR) (OTCID: CVGRF) (FSE: CVY0) (the "Company" or "City View") announces that it has now completed a first tranche (the "First Tranche") closing of its non-brokered private placement previously announced on April 23, 2026. Under the First Tranche, the Company has issued 11,500,000 Units for gross proceeds of $575,000. In connection with the First Tranche, the Company paid finder's fees of $28,000 and...
About this update from City View Green Holdings, Inc.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - May 15, 2026) - City View Green Holdings Inc. (CSE: CVGR) (OTCID: CVGRF) (FSE: CVY0) (the "Company" or "City View") announces that it has now completed a first tranche (the "First Tranche") closing of its non-brokered private placement previously announced on April 23, 2026. Under the First Tranche, the Company has issued 11,500,000 Units for gross proceeds of $575,000. In connection with the First Tranche, the Company paid finder's fees of $28,000 and issued 560,000 finder's warrants, which warrants have the same terms as the Unit warrants. All securities issued under the First Tranche are subject to a hold period expiring September 26, 2026, in accordance with applicable securities laws and the policies of the Canadian Securities Exchange (the "CSE").","length":847,"tagName":"p"},{"type":"text","content":"Rob Fia, CEO, President and a director of the Company, participated in the First Tranche and purchased 2,000,000 Units for $100,000. Mr. Fia's participation is considered a related party transaction within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Such insider participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(b) and 5.7(1)(a) of MI 61-101, as the Company is not listed on any of the exchanges or markets outlined in subsection 5.5(b) of MI 61-101, and the fair market value of the securities distributed to Mr. Fia does not exceed 25% of the Company's market capitalization.","length":764,"tagName":"p"},{"type":"text","content":"The Company was over-subscribed for the First Tranche and has received additional interest above the previously announced $500,000 maximum. Therefore, the Company is increasing the Offering such that it now proposes to sell up to 17,000,000 Units (including the Units issued in the First Tranche) at a price of $0.05 per Unit to raise gross proceeds of up to $850,000 (the "Offering"). Each Unit consists of one common share of the Company and one common share purchase warrant. Each warrant entitles the holder to purchase one common share of the Company at an exercise price of $0.10 for a period of two years, except that, if the aver...