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Windfall Geotek Announces a Strategic Financing of up to $3.5M to Accelerate Eagle Eye(TM) Goto Market for Battery Metals and UXO Detection
(TheNewswire) DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES ...
About this update from Windfall Geotek Inc.
[{"type":"text","content":"Windfall Geotek Announces a Strategic Financing of up to $3.5M to Accelerate Eagle Eye(TM) Goto Market for Battery Metals and UXO Detection\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED\nHEREIN\n \n \n \n Brossard,Quebec – TheNewswire – March1,202\n \n 1 -\n \n Windfall Geotek (TSXV:WIN\n \n )\n \n \n (\n \n OTCQB:WINKF) (“Windfall” of the “Company”) a\nmining technology company and a leader in the use of Artificial\nIntelligence (AI) and advanced knowledge-extraction techniques since\n2005 in the mining sector, is pleased to announce a strategic\nnon-brokered offering of up to $3.5M (the “Offering”) with\nintended lead orders from\n \n ThreeD Capital (CSE:IDK,\nOTCQB:IDKF)\n \n and Draganfly (CSE: DFLY) (OTCQB: DFLYF) (FSE:\n3U8).\n \n \n The Offering is for up to 10,000,000 units at a price of $0.35 per\nunit comprised of one common share and one common share purchase\nwarrant at $0.50 per share for a period of 24 months following the\nclosing of the Offering. The proceeds will be used to continue the\nR&D for\n \n land mines and unexploded ordinance (UXO)\n \n detection application as well as speed up the goto market for\nthe EagleEye™ technology in the mining sector including building a\ndedicated team for the new application and the opening of a Toronto\noffice. The Offering remains subject to regulatory approval.\n \n \n \n Dinesh Kandanchatha, Chairman of\nWindfall Geotek commented\n \n \n : “We are excited\nabout accelerating this phase of Windfall’s growth with partners\nlike Draganfly and ThreeD capital. Bringing these three companies\ntogether checks all the boxes, experienced capital, world class\nengineering, and AI. Together we will be able to transform primary\nexploration.”\n \n \n \n \n Cameron Chell, CEO of Draganfly\ncommented:\n \n \n “We are excited about deepening our\npartnership with Windfall Geotek. Their EagleEye™ is offering that\nleverages Draganfly sensor and drone technology, creating a unique\ndigital exploration solution that is both cost effective and\nsustainable.”\n \n \n \n \n Sheldon Inwentash CEO and Founder of\nThreeD Capital commented:\n \n \"As a seasoned active investor\nat the leading...