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WI2WI CORPORATION ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT
WI2WI CORPORATION ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT Canada NewsWire ...
About this update from Wi2wi Corp.
[{"type":"text","content":"\n\n\n\n WI2WI CORPORATION ANNOUNCES CLOSING OF 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 \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n TORONTO\n \n\n ,\n \n\n July 28, 2025\n \n\n /CNW/ -\n \n Wi2Wi Corporation\n \n (TSXV: YTY) (OTC: ISEYF)\n \n (\"Wi2Wi\" or the \"Company\")\n \n announces that it has closed a non-brokered private placement for total gross proceeds of\n \n $700,000\n \n through the issuance of a total of 14,000,000 units of the Company (the \"\n \n Units\n \n \") at a price of\n \n $0.05\n \n per Unit (the \"\n \n Offering\n \n \").\n \n\n Each Unit consists of one common share of the Company (a \"\n \n Share\n \n \") and one Share purchase warrant (a \"\n \n Warrant\n \n \"). Each Warrant entitled the holder to purchase one additional Share at an exercise price of\n \n $0.10\n \n per Share for a period of two years from the closing date of the Offering, subject to acceleration, as described below.\n \n\n The Warrants are subject to an acceleration clause, whereby if, at any time prior to the expiry date of the Warrants, the closing price of the Shares on the TSX Venture Exchange (the \"\n \n Exchange\n \n \") is equal to or greater than\n \n $0.10\n \n for any 10 consecutive trading days, then the Company may, at its option, accelerate the expiry date of the Warrants by issuing a press release announcing that the expiry date of the Warrants shall be deemed to be on the 30th day following the issuance of such Warrant acceleration press release. All Warrants that remain unexercised following the accelerated expiry date shall immediately expire and all rights of holders of such Warrants shall be terminated without any compensation to such holder.\n \n\n The Company plans to use the net proceeds of the Offering: (i) to prepay key suppliers of the Company to secure critical production inventory to enable the Company to fulfill its obligations related to outstanding and time-sensitive customer orders; and (ii) for general working capital purposes.\n \n\n No finder's fees were paid in connection with the closing of the Offering.\n...