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Tribe Property Technologies Announces Closing of the Fully Subscribed Private Placement under the Listed Issuer Financing Exemption
Tribe Property Technologies Announces Closing of the Fully Subscribed Private Placement under the...
About this update from Tribe Property Technologies Inc
[{"type":"text","content":"\n \n \n \n Tribe Property Technologies Announces Closing of the Fully Subscribed Private Placement under the Listed Issuer Financing Exemption\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. NEWSWIRES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n Tribe announces the closing of its previously announced Listed Issuer Financing Exemption (LIFE) offering for aggregate gross proceeds of\n \n $2,500,000\n \n , with strong participation from the Company's management team and other insiders.\n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n June 24, 2024\n \n \n /CNW/ - Tribe Property Technologies Inc. (TSXV: TRBE) (OTCQB US: TRPTF) (\"\n \n Tribe\n \n \" or the \"\n \n Company\n \n \"), a leading provider of technology-elevated property management solutions, is pleased to announce it has closed its fully subscribed non-brokered private placement (the \"\n \n Private Placement\n \n \"), under the Listed Issuer Financing Exemption (as defined below), of 4,807,691 units of the Company (each, a \"\n \n Unit\n \n \") at a price of\n \n $0.52\n \n per Unit to raise gross proceeds of\n \n $2,500,000\n \n .\n \n \n \n \n \n \n \n \n \n Each Unit consisted of one common share of the Company and one-half of one common share purchase warrant (each whole common share purchase warrant, a \"\n \n Warrant\n \n \").  Each Warrant entitles the holder to purchase one common share of the Company at a price of\n \n $0.82\n \n at any time on or before\n \n June 21, 2029\n \n .\n \n \n \n Joseph Nakhla\n \n , CEO of Tribe, commented, \"We are pleased to announce the closing of the LIFE offering and grateful for the support we have received from new investors as well as our existing shareholder base. With the recently closed private placement of approximately\n \n $3.66 million\n \n led by PROPELR Growth Fund, the Company has now successfully raised approximately\n \n $6.17 million\n \n of new capital.  The LIFE offering has strengthened our balance sheet and allows us to ...