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SLEEPING GIANT CAPITAL CORP. ANNOUNCES CLOSING OF PRIVATE PLACEMENT OF DEBENTURE UNITS AND DIRECTOR RESIGNATION
SLEEPING GIANT CAPITAL CORP. ANNOUNCES CLOSING OF PRIVATE PLACEMENT OF DEBENTURE UNITS AND DIRECT...
About this update from Sleeping Giant Capital Corp.
[{"type":"text","content":"\n\n\nSLEEPING GIANT CAPITAL CORP. ANNOUNCES CLOSING OF PRIVATE PLACEMENT OF DEBENTURE UNITS AND DIRECTOR RESIGNATION\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\nCanada NewsWire\n\n\n/NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/\nCALGARY, AB, Jan. 9, 2026 /CNW/ - Sleeping Giant Capital Corp. (TSXV: SSX) (\"Sleeping Giant\" or the \"Corporation\"), is pleased to announce it has closed its previously announced non-brokered private placement offering of debenture units of the Corporation (the \"Debenture Units\" and each, a \"Debenture Unit\"), for aggregate gross proceeds of $180,000 (the \"Offering\"). The Corporation issued 180 Debenture Units at a price of $1,000 per Debenture Unit. In addition, the Corporation announces that Jack Elliott has resigned as a director of Sleeping Giant, effective January 16, 2026.\nNet proceeds from the Offering will be used for general working capital and corporate purposes.\nSummary of the Offering\nEach Debenture Unit consists of: (i) one $1,000 principal amount secured convertible debenture of the Corporation (a \"Convertible Debenture\"); and (ii) 20,000 common share purchase warrants of the Corporation (each, a \"Warrant\"), to acquire one common share of the Corporation (a \"Share\") at a price equal to $0.05 per Share. The Warrants will expire on the date which is one year following the date of issuance, subject to an automatic four-year extension upon the conversion of the Convertible Debentures.\nThe Convertible Debentures bear interest at a rate of twelve percent (12%) per annum, payable in Shares at the Market Price (as defined in TSX Venture Exchange policies) at the date the interest becomes payable, which is the earlier of the Conversion Date (as defined below) and the Maturity Date (as defined below). The payment of interest in Shares at the Market Price is subject to acceptance of the TSX Venture Exchange (\"TSXV\") at the time the interest becomes payable, to ensure compliance with the price being not less than the Market Price at the...