Business
Right Season Announces Investment in Grounded People Apparel Inc.
(TheNewswire) August 12, 2024 – TheNewswire - Vancouver, B...
About this update from Futuregen Industries Corp.
[{"type":"text","content":"Right Season Announces Investment in Grounded People Apparel Inc. \n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n August 12, 2024\n \n\n\n\n –\n \n\n\n\n TheNewswire -\n \n\n\n\n Vancouver, British Columbia – Right Season Investments\nCorp. (TSXV:\n \n\n\n\n LITT\n \n\n\n\n ), (“\n \n\n\n\n Right Season\n \n\n\n\n ” or the “\n \n\n\n\n Company\n \n\n\n\n ”) is pleased to announce that it has made a\nstrategic capital investment in Grounded People Apparel Inc.\n(“Grounded” or the “Brand”), an eco-conscious fashion label,\nacquiring 166,667 units of Grounded (each, a “Grounded Unit”)\npriced at $0.60 per Grounded Unit through a private placement,\ntotalling an investment of $100,000 (the “Grounded Placement”).\n \n\n\n\n\n\n Each Grounded Unit comprises one common\nshare of Grounded and one common share purchase warrant of Grounded\n(each, a “Grounded Warrant”). Each Grounded Warrant entitles the\nCompany to purchase an additional common share (each, a “Grounded\nWarrant Share”) of Grounded at a price of $0.75 per Grounded Warrant\nShare for a period of five (5) years from their date of\nissue.\n \n\n\n\n\n Prior to completion of the Grounded Placement, the\nCompany held 5,124,008 common shares in the capital of Grounded (each,\na “\n \n\n Share\n \n\n ”) and 5,124,008 Share purchase warrants representing\napproximately 20.28% of the issued and outstanding Shares (or\n10,248,016 Shares representing approximately 33.72% of the issued and\noutstanding Shares on a partially diluted basis assuming exercise of\nall warrants held by the Company).\n \n\n\n\n Following completion of the Grounded Placement, the\nCompany holds 5,290,675 Shares and 5,290,675 Share purchase warrants\nrepresenting approximately 20.12% of the issued and outstanding Shares\n(or 10,581,350 Shares representing approximately 33.50% of the issued\nand outstanding Shares on a partially diluted basis assuming exercise\nof all warrants held by the Company).\n \n\n\n\n The Company has acquired the Grounded Units for\ninvestment purposes. The Company intends to evaluate these holdings\nand increase or decrease its investment in Grounded as circumstances\nwarrant.\n \n\n\n\n Grounded People Apparel is an innovative...