[VIDEO ENHANCED] Ecolomondo Announces Closing of Fully Subscribed Life Offering

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[{"type":"text","content":"[VIDEO ENHANCED] Ecolomondo Announces Closing of Fully Subscribed Life Offering\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Montreal, Quebec, May 20, 2025 –\n \n\n TheNewswire –\n \n\n Ecolomondo Corporation\n \n\n (TSXV: ECM) (OTC:\nECLMF) (the “\n \n\n Company\n \n\n ” or “\n \n\n Ecolomondo\n \n\n ”), a\nleading Canadian innovator in sustainable scrap tire recycling\ntechnology,\n \n\n is pleased to announce that it\ncompleted its previously announced non-brokered private placement (the\n“\n \n\n Offering\n \n\n ”) for gross proceeds of C$1,000,000.10 from the sale of\n6,201,551 units of the Company (each, a “\n \n\n Unit\n \n\n ”) at a price\nof C$0.16125 per Unit.\n \n\n\n\n Each Unit consists of one common share of the Company\n(each, a “\n \n\n Common\nShare\n \n\n ”) and one common share purchase warrant\n(a “\n \n\n Warrant\n \n\n ”). Each Warrant shall entitle the holder to purchase one\nCommon Share of the Company at a price of C$0.24 at any time on or\nbefore that date which is 2 years after the closing date of the\nOffering, provided that if the closing price of the common shares on\nthe TSX Venture Exchange is equal to or greater than $0.35 for a\nperiod of 15 consecutive trading days, the Company may accelerate the\nexpiry date of the Warrants by disseminating a press release within 7\ncalendar days after the 15\n \n\n th\n \n\n trading day, and in such case the Warrants\nwill expire on the 30\n \n\n th\n \n\n day after the date on which such press\nrelease is disseminated.\n \n\n\n\n The Units were sold to purchasers pursuant to the\nlisted issuer financing exemption under Part 5A of National Instrument\n45-106 –\n \n\n Prospectus\nExemptions\n \n\n and\n \n\n therefore\nthe securities issued to such purchasers are not subject to a hold\nperiod pursuant to applicable Canadian securities laws.\n \n\n\n\n At the closing of the Offering, the Company paid\ncertain finders a cash commission of\n \n\n $21,478.50,\nequal to 6.0% of the gross proceeds of the Offering resulting from\npurchasers introduced by such finders. The Company plans to allocate\nthe net proceeds of the Offering for projected capital expenditures\nand for general working capital purpose...

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