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Tribe Property Technologies Announces Closing of Upsized Non-Brokered Private Placement Including the Company's Senior Leadership Team and Board of Directors
Tribe Property Technologies Announces Closing of Upsized Non-Brokered Private Placement Including...
About this update from Tribe Property Technologies Inc
[{"type":"text","content":"\n\n\n\n Tribe Property Technologies Announces Closing of Upsized Non-Brokered Private Placement Including the Company's Senior Leadership Team and Board of Directors\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\n /NOT FOR DISTRIBUTION TO U.S. NEWSWIRES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n\n\n\n Tribe announces the upsizing and closing of its previously announced non-brokered private placement offering for aggregate gross proceeds of approximately\n \n $1,087,882\n \n , led by the Company's senior leadership team and Board of Directors\n \n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n March 31, 2025\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 \") of 2,092,081 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 $1,087,882\n \n .\n \n\n\n\n\n\n\n\n\n Each Unit consists of one common share of the Company (a \"\n \n Common Share\n \n \") 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 at a price of\n \n $0.82\n \n any time on or before\n \n March 28, 2030\n \n . The Common Shares and Warrants issued pursuant to the Private Placement, including any Common Shares issued on exercise of Warrants, are subject to a hold period of four months and a day expiring\n \n July 29, 2025\n \n . The net proceeds of the Private Placement will be used by the Company to retire debt payments and reduce payables.\n \n\n\n Joseph Nakhla\n \n , Tribe's Chief Executive Officer commented, \"\n \n We are pleased to announce the closing of this financing and grateful for the support we received from the senior leadership team ...