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GEEKCO ANNOUNCES PRIVATE PLACEMENT AND DIRECTOR RESIGNATION
GEEKCO ANNOUNCES PRIVATE PLACEMENT AND DIRECTOR RESIGNATION Canada NewsWire ...
About this update from Geekco Technologies Corporation Class A
[{"type":"text","content":"\n\n\n\n GEEKCO ANNOUNCES PRIVATE PLACEMENT AND DIRECTOR RESIGNATION\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 \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n LAVAL, QC\n \n\n ,\n \n\n Aug. 19, 2024\n \n\n /CNW/ -\n \n Geekco Technologies Corporation\n \n (the \"\n \n Corporation\n \n \" or \"\n \n Geekco\n \n \") (TSX-V: GKO) (OTCQB: GKOTF) is pleased to announce a private placement for gross proceeds of up to\n \n $700,000\n \n (the \"\n \n Private Placement\n \n \") by the issuance of a maximum of 14,000,000 units at a price of\n \n $0.05\n \n each (each a \"\n \n Unit\n \n \"). 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\n \n $0.08\n \n until three (3) years from their issuance date.\n \n\n The Corporation intends to use the net proceeds from the 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.\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. Closing of the Private Placement may occur in one or more tranches and is subject to the TSX Venture Exchange (the \"\n \n TSXV\n \n \") approval and any other applicable regulatory approvals.\n \n\n The Corporation anticipates that certain \"related parties\" of the Corporation will participate in the Private Placement. The participation in the Private Placement of such \"related parties\" will constitute a \"related party t...