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GEEKCO ANNOUNCES CLOSING OF FIRST TRANCHE OF PRIVATE PLACEMENT
Geekco Technologies Corporation (the "Corporation" or "Geekco") (TSX-V: GKO) is pleased to announce that it has closed as of January 20, 2026 the first tranche of a non-brokered private placement (the "Private Placement"). Under the first tranche of Private Placement, the Corporation issued 10,000,000 units (the "Units" or each a "Unit") at a price of $0.05 per Unit for aggregate gross proceeds of $500,000 out of a maximum of $1,000,000 (or 20,000,000 Units). Each Unit consists of one (1) Class
About this update from Geekco Technologies Corporation Class A
[{"type":"text","content":"MONTRÉAL, Jan. 21, 2026 /CNW/ - Geekco Technologies Corporation (the "Corporation" or "Geekco") (TSX-V: GKO) is pleased to announce that it has closed as of January 20, 2026 the first tranche of a non-brokered private placement (the "Private Placement"). Under the first tranche of Private Placement, the Corporation issued 10,000,000 units (the "Units" or each a "Unit") at a price of $0.05 per Unit for aggregate gross proceeds of $500,000 out of a maximum of $1,000,000 (or 20,000,000 Units). Each Unit consists of one (1) Class A share of the share capital of the Corporation (each a "Common Share") and one (1) warrant (each a "Warrant"). Each Warrant entitles the holder to acquire one (1) additional Common Share at the revised price of $0.05 for a period of three (3) years from the date of issuance.","length":908,"tagName":"p"},{"type":"image","alt":"Geekco logo (CNW Group/Geekco Technologies inc)","displaySize":"","headline":null,"caption":"Geekco logo (CNW Group/Geekco Technologies inc)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":127,"url":"https://media.zenfs.com/en/cnwgroup.com/5c112d3e8a29f3e2c10f9f0e02e05ec8"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/nTG1sOTDRq3NADshGObchA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTIyNDtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/5c112d3e8a29f3e2c10f9f0e02e05ec8","width":400,"height":127}},"href":"https://mma.prnewswire.com/media/2865976/Geekco_Technologies_inc_GEEKCO_ANNOUNCES_CLOSING_OF_FIRST_TRANCH.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The Corporation intends to use the net proceeds from the Private Placement for its marketing campaign, the development and continuous improvement of its application and for general and working capital purposes.","length":210,"tagName":"p"},{"type":"text","content":"Intermediaries may receive a cash commission of up to 7% of the aggregate gross proceeds of subscriptions for the Private Placement submitted by this intermediary; and a commission in the form of intermediary warrants for an equivalent number of up to 7% of the number of Units issued under the Private Placement from subscriptions submitted by this intermediary. Each intermediary warrant will have the same terms as th...