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Plurilock Announces Closing of Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - December 22, 2022) - Plurilock Security Inc. (TSXV...
About this update from Plurilock Security Inc
[{"type":"text","content":"Plurilock Announces Closing of Non-Brokered Private PlacementVancouver, British Columbia--(Newsfile Corp. - December 22, 2022) - Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) (\"Plurilock\" or the \"Company\"), an identity-centric cybersecurity solutions provider for workforces, is pleased to announce that it has closed the first tranche of a non-brokered private placement financing of 8,668,123 units of the Company (\"Units\") at a price of $0.14 per Unit (the \"Offering\"), for aggregate gross proceeds of $1,213,537.22. Each Unit consists of one common share in the capital of the Company (a \"Share\") and one common share purchase warrant (a \"Warrant\"). Each Warrant entitles the holder thereof to acquire one additional share (a \"Warrant Share\") at a price of $0.25 per Warrant Share until December 21, 2024. In connection with the Offering, the Company paid arm's length finders (each, a \"Finder\") an aggregate of $54,826.62 and issued an aggregate of 391,618 warrants (each, a \"Finder's Warrant\"), representing 7% of the proceeds raised from those purchasers introduced by such Finder and 7% of the total number of Units sold to investors introduced by such Finder. Each Finder's Warrant provides that such Finder may acquire common shares of the Company (each a \"Finder's Warrant Share\") at a price of $0.14 per Finder's Warrant Share until December 21, 2024.The Company intends to use the proceeds raised from the Offering for general corporate purposes. The Company expects to close one or more additional tranches of the Offering. The Offering was completed pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 Prospectus Exemptions and therefore the securities issued in the Offering are not be subject to a hold period in accordance with applicable Canadian securities laws.The securities issued pursuant to the Offering have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States...