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GEEKCO ANNOUNCES CLOSING OF SECOND TRANCHE OF PRIVATE PLACEMENT
GEEKCO ANNOUNCES CLOSING OF SECOND TRANCHE OF PRIVATE PLACEMENT Canada NewsWire ...
About this update from Geekco Technologies Corporation Class A
[{"type":"text","content":"\n\n\n\n GEEKCO ANNOUNCES CLOSING OF SECOND TRANCHE OF PRIVATE PLACEMENT\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n MONTRÉAL\n \n ,\n \n\n May 7, 2025\n \n\n /CNW/ -\n \n Geekco Technologies Corporation\n \n (the \"\n \n Corporation\n \n \" or \"\n \n Geekco\n \n \") (TSXV: GKO) is pleased to announce that it has closed as of today the second tranche of a non-brokered private placement (the \"\n \n Private Placement\n \n \"). Under the second tranche of Private Placement, the Corporation issued 1,500,000 units (\"\n \n Units\n \n \") at a price of $0.05 per Unit for aggregate gross proceeds of\n \n $75,000\n \n . This second tranche brought the aggregate proceeds of the Private Placement to 224 000 $ (or 4,480,000 Units) when combined with the first tranche out of a maximum of $400,000 (or 8,000,000 Units). Each Unit consists of one (1) Class A share of the share capital of the Corporation (each a \"\n \n Common Share\n \n \") and one (1) warrant (each a \"\n \n Warrant\n \n \"). Each Warrant entitles the holder to acquire one (1) additional Common Share at a price of $0.08 until three (3) years from their issuance date.\n \n\n The Corporation intends to use the net proceeds from Private Placement for general and working capital purposes.\n \n\n Any intermediary can 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 the Warrants included in the Units. There was no commission paid in connection with the second tranche of the Private Placement.\n \n\n All securities issued within the Private Placement are subject to a four-month and one-day resale restriction period from the closing date of the Private Placement. The Pr...