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Tribe Property Technologies Announces Non-Brokered Private Placement to be Led by the Company's Senior Leadership Team
Tribe Property Technologies Announces Non-Brokered Private Placement to be Led by the Company's S...
About this update from Tribe Property Technologies Inc
[{"type":"text","content":"\n\n\n\n Tribe Property Technologies Announces Non-Brokered Private Placement to be Led by the Company's Senior Leadership Team\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\n \n UNITED STATES\n \n NEWS WIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n\n\n\n Tribe Property Technologies announces a non-brokered private placement to raise gross proceeds of approximately\n \n $775,000\n \n , which is expected to include the Company's senior leadership team and Board of Directors priced above the 20-day Volume Weighted Average Price (\"\n \n VWAP\n \n \") trading price as of today.\n \n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n March 20, 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 a non-brokered private placement to raise gross proceeds of approximately\n \n $775,000\n \n (the \"\n \n Financing\n \n \"), which is expected to include the Company's CEO, CFO, EVP and members of the Board of Directors participating in the Financing.\n \n\n\n\n\n\n\n\n\n The Company will conduct a non-brokered private placement of up to 1,490,384 units of the Company (each, a \"\n \n Unit\n \n \") at a price of\n \n $0.52\n \n per Unit, with each Unit consisting 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 at any time on or before that date which is five years after the closing date of the Financing. The net proceeds of the Financing will be used by the Company to retire debt payments and reduce payables.\n \n\n\n Joseph Nakhla\n \n , Tribe's CEO commented, \"\n \n In these times of economic uncertainty, with ongoing geopolitical and trade tensions, we b...