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SALTIRE CAPITAL LTD. ANNOUNCES SUCCESSFUL COMPLETION OF PRIVATE PLACEMENT
SALTIRE CAPITAL LTD. ANNOUNCES SUCCESSFUL COMPLETION OF PRIVATE PLACEMENT Canada NewsWi...
About this update from Saltire Capital Ltd. Class A
[{"type":"text","content":"\n\n\n\n SALTIRE CAPITAL LTD. ANNOUNCES SUCCESSFUL COMPLETION OF PRIVATE PLACEMENT\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 /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S./\n \n\n\n\n TORONTO\n \n\n ,\n \n\n Aug. 12, 2025\n \n\n /CNW/ -\n \n Saltire Capital Ltd.\n \n (\"\n \n Saltire\n \n \" or the \"\n \n Company\n \n \") (TSX: SLT) (TSX: SLT.U) (TSX: SLT.WT.U) is pleased to announce the closing (\"\n \n Closing\n \n \") of the brokered portion of its previously announced private placement (the \"\n \n Private Placement\n \n \") with Paradigm Capital Inc. (\"\n \n Paradigm\n \n \") as lead agent and sole book runner of up to 424,448 common shares in the capital of the Company (\"\n \n Common Shares\n \n \") at a price of $11.78 per Common Share (the \"\n \n Offering Price\n \n \"). Pursuant to the Closing, the Company raised gross proceeds of\n \n $3,088,716\n \n through the issuance of 262,200 Common Shares.\n \n\n\n\n\n\n\n\n\n The Company anticipates holding one subsequent closing on or about\n \n August 13, 2025\n \n , in respect of certain purchasers participating in the Private Placement on a non-brokered basis.\n \n\n In connection with the Private Placement, Paradigm was paid (i) a cash fee equal to 7% of the gross proceeds of the brokered Private Placement, and (ii) 18,354 Common Share purchase warrants (the \"\n \n Compensation Warrants\n \n \"), being equal to 7% of the number of Common Shares issued pursuant to the brokered Private Placement. Each whole Compensation Warrant will entitle the holder to purchase one Common Share at a price of\n \n C$14.5228\n \n per Common Share for a period expiring at\n \n 5:00 p.m.\n \n (\n \n Toronto\n \n time) on\n \n December 1, 2030\n \n .\n \n\n The net proceeds from the Private Placement will be used to indirectly fund a portion of the cash purchase price payable in respect of the Company's previously completed acquisition of SanStone Investments Limited....