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Tribe Property Technologies Announces Upsizing of Previously Announced Non-Brokered Private Placement
Tribe Property Technologies Announces Upsizing of Previously Announced Non-Brokered Private Place...
About this update from Tribe Property Technologies Inc
[{"type":"text","content":"\n\n\n\n Tribe Property Technologies Announces Upsizing of Previously Announced Non-Brokered 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\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\n VANCOUVER, BC\n \n\n ,\n \n\n March 26, 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 upsized its previously announced non-brokered private placement. The Company now intends to raise gross proceeds of approximately\n \n $1,087,882\n \n (the \"\n \n Financing\n \n \") through the issuance of up to 2,092,081 units (each, a \"\n \n Unit\n \n \") at a price of\n \n $0\n \n .52 per Unit.  The Financing is expected to include participation by the Company's CEO, CFO, EVP and members of the Board of Directors.\n \n\n\n\n\n\n\n\n\n Each Unit will consist 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 will entitle the holder to acquire one additional Common Share at a price of\n \n $0.82\n \n for a period of 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 Closing of the Financing is subject to certain conditions including, but not limited to, the receipt of applicable regulatory approvals, including the approval of the TSX Venture Exchange. All securities issued under the Financing are subject to a hold period expiring four months and one day from the closing date.\n \n\n It is anticipated that certain insiders of the Company will acquire Units. Such participation will each be considered a \...