Business
Right Season Announces up to $2 million Non-Brokered Private Placement
(TheNewswire) July 26, 2024 – TheNewswire – Vancouv...
About this update from Futuregen Industries Corp.
[{"type":"text","content":"Right Season Announces up to $2 million Non-Brokered Private Placement \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 July 26, 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 ”) announces that\n \n\n\n it proposes to complete a non-brokered private placement (the\n“Offering”) of up to\n \n\n 2,173,913\n \n\n units of the Company (the “Units”) at a price of $0.92\nper Unit, for gross proceeds of up to $2,000,000. Each Unit will\nconsist of one common share (“Share”) of the Company and one\ncommon share purchase warrant (“Warrant”). Each Warrant will\nentitle the holder, on exercise, to purchase one Share for a period of\nforty-eight months following the closing date of the Offering at the\nexercise price of $1.15 per Share.\n \n\n\n\n Net proceeds from the Offering will be used\n \n\n to pursue potential investment\nopportunities\n \n\n and\n \n\n for\n \n\n general working capital\npurposes.\n \n\n\n\n In connection with the Offering, the Company may pay\nfinders’ fees and/or issue finders’ warrants on the same terms as\nthe Warrants, to eligible parties who have assisted by introducing\nsubscribers to the Offering.\n \n\n\n\n The Company will issue common shares of the Company to\nAmalfi Corporate Services Ltd., an arm’s length third-party, equal\nto 1% of the aggregate Units issued, in consideration for\nadministrative services rendered in support of the Offering.\n \n\n\n\n All securities to be issued in connection with the\nOffering will be subject to a four-month-and-one-day statutory hold\nperiod in accordance with applicable securities laws and, as\napplicable, the TSX Venture Exchange hold period. Completion of the\nOffering remains subject to the approval of the TSX Venture Exchange.\nThe Units will be offered pursuant to exemptions from the prospectus\nrequirements.\n \n\n\n\n About Right Season Investments Corp.\n \n\n\n\n Right Season Investments Corp. is a Canadian Venture\nCapital, Investment and Advisory Firm that strives to actively drive\ninnovation and accelerate growth for its sharehol...