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PRINCIPAL TECHNOLOGIES ANNOUNCES PRIVATE PLACEMENT FINANCING AND GRANT OF STOCK OPTIONS
PRINCIPAL TECHNOLOGIES ANNOUNCES PRIVATE PLACEMENT FINANCING AND GRANT OF STOCK OPTIONS ...
About this update from Principal Technologies, Inc.
[{"type":"text","content":"\n\n\n\n PRINCIPAL TECHNOLOGIES ANNOUNCES PRIVATE PLACEMENT FINANCING AND GRANT OF STOCK OPTIONS\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\n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n\n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n May 2, 2025\n \n\n /CNW/ - Principal Technologies Inc. (the \"\n \n Company\n \n \" or \"\n \n Principal\n \n \") (TSXV: PTEC) (FWB: JO7) is pleased to announce that the Company has arranged a non-brokered private placement financing (the \"\n \n Offering\n \n \") of 1,000,000 common shares of the Company (the \"\n \n Common Shares\n \n \") at a price of\n \n $0.25\n \n per Common Share for aggregate gross proceeds of\n \n $250,000\n \n . The Offering is fully allocated to a significant shareholder of the Company and no finder's fees are applicable. The proceeds of the Offering are intended to be used for general working capital purposes.\n \n\n\n\n\n\n\n\n\n The Common Shares to be issued in connection with the Offering will be subject to the statutory hold period of four months from the date of issuance in accordance with applicable Canadian securities legislation. The Offering is subject to the receipt of all requisite approvals, including the acceptance of the TSX Venture Exchange.\n \n\n The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the \"\n \n U.S. Securities Act\n \n \"), or any state securities laws, and may not be offered or sold within\n \n the United States\n \n except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to available exemptions therefrom. This release does not constitute an offer to sell or a solicitation of an offer to buy any securities in\n \n the United States\n \n .\n \n\n\n Related Party Participation in the Offering\n \n\n\n A significant shareholder of the Company will be participating in the Offeri...