Business
Liberty Announces Closing of Initial Tranche of Listed Issuer Financing Exemption (LIFE) Private Placement of Units
Liberty Announces Closing of Initial Tranche of Listed Issuer Financing Exemption (LIFE) Private ...
About this update from Liberty Defense Holdings Ltd.
[{"type":"text","content":"\n \n \n \n Liberty Announces Closing of Initial Tranche of Listed Issuer Financing Exemption (LIFE) Private Placement of Units\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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n NOT FOR DISTRIBUTION TO U.S. NEWSWIRES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n \n \n \n \n \n VANCOUVER, BC\n \n and\n \n WILMINGTON, Mass.\n \n \n ,\n \n \n Jan. 15, 2024\n \n \n /CNW/ -\n \n Liberty Defense Holdings Ltd.\n \n (\"\n \n Liberty\n \n \" or the \"\n \n Company\n \n \") (TSXV: SCAN) (OTCQB: LDDFF) (FRANKFURT: LD2) a leading technology provider of AI-based next generation detection solutions for concealed weapons and threats, is pleased to announce that it has closed the initial tranche of a non-brokered private placement (the \"\n \n Offering\n \n \") of 5,900,663 units (the \"\n \n Units\n \n \") of the Company at a price of\n \n C$0.15\n \n per Unit for gross proceeds to the Company of approximately\n \n $886,000\n \n , which was previously announced on\n \n December 29, 2023\n \n .\n \n \n \n \n \n \n \n \n \n Each Unit consists of one common share in the capital of the Company (a \"\n \n Common Share\n \n \") and one Common Share purchase warrant (a \"\n \n Warrant\n \n \"). Each Warrant will entitle the holder thereof to purchase one Common Share of the Company (a \"\n \n Warrant Share\n \n \") until\n \n January 12, 2027\n \n at an exercise price of\n \n C$0.20\n \n per Warrant Share.\n \n \n The Offering was completed pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 -\n \n Prospectus Exemptions\n \n , accordingly, the securities issued in the Offering are not subject to a hold period in accordance with applicable Canadian securities laws. There is an offering document (the \"\n \n Offering Document\n \n \") related to the Offering that can be accessed under the Company's profile at\n \n www.sedarplus.ca\n \n and on the Company's website at:\n \n www.libertydefense.com\n \n . Prospective investors should read this Offering Document before making...