Business
Ventripoint Announces Non-Brokered Units Private Placement
(TheNewswire) NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION ...
About this update from Ventripoint Diagnostics Ltd.
[{"type":"text","content":"Ventripoint Announces Non-Brokered Units Private Placement\n(TheNewswire)\n\n\nNOT FOR DISTRIBUTION TO\nUNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED\nSTATES\n\n\n\n \n \n\n\nToronto, Ontario, December 30,\n2025 – TheNewswire -\nVentripoint Diagnostics Ltd. (“Ventripoint” or the “Corporation”,\nTSXV:VPT) announces a non-brokered private\nplacement of up to 5,000,000 units (each, a “Unit”) at a price\nof $0.10 per Unit for aggregate gross proceeds of up to $500,000 (the\n“Offering”) subject to TSXV Venture Exchange (the “Exchange”)\nacceptance. Each Unit will be comprised of one\n(1) common share (“Common\nShares”) of the Corporation, and one (1)\ncommon share purchase warrant (“Warrants”). \n\n\n \n\n\nEach whole Warrant will entitle\nthe holder thereof to purchase one (1) Common Share at a price of\n$0.13 for a period of 24 months from the closing of the Offering. The\nCorporation reserves the right to accelerate the Warrant expiry period\nupon 30 days notice if the Common Shares trade at $0.26 for a period\nof 10 consecutive days, including days where no trades occur.\n\n\n \n\n\nThe Corporation may pay cash finder’s fee and issue\ncommon share purchase warrants (“Finder’s Warrants”) of up to 8% of the gross proceeds of the Offering. Each\nFinder’s Warrant will be exercisable into one Common Share at an\nexercise price of CDN$0.13 per Common Share for a period of 24\nmonths from the closing of the Offering.\n\n\n \n\n\nThe Corporation will use the proceeds of the Offering\nto fund operational costs related sales and marketing, additional key\npersonnel, and general working capital purposes.\n\n\n \n\n\nAll securities issued and issuable pursuant to the\nOffering will be subject to a hold period of four months plus one day\nfrom the date of closing of the Offering. The Offering is subject to\napproval by the Exchange.\n\n\n \n\n\nThe securities offered will not be\nregistered under the U.S. Securities Act of 1933, as amended, and may\nnot be offered or sold in the United States absent a registration\nstatement or an applicable exemption from the registration\nrequirements. The press release shall not constitute an offer to sell\nor the...