SureNano Announces Closing of $1,250,000 Private Placement

About this update from Surenano Science Ltd

Vancouver, British Columbia--(Newsfile Corp. - December 10, 2025) - SureNano Science Ltd. (CSE: SURE) (OTCQB: SURNF) (the "Company" or "SureNano") is pleased to announce, as a follow-up to its news release dated November 5, 2025, that it has closed its non-brokered private placement to raise $1,250,000 through the issuance of 10,000,000 units (each a "Unit") at a price of $0.125 per Unit. Each Unit is comprised of one common share (a "Common Share") and one Common Share purchase warrant (each a "Warrant"), with each Warrant entitling the holder thereof to acquire one Common Share in the capital of the Company at a price of $0.35 per Common Share for a period of 24 months from the date of issuance. The Warrants will be subject to an acceleration provision, such that if at any time after the date that is four months and one day after the closing, the Company's Shares trade on the Canadian Securities Exchange (the "CSE") at a closing price of $0.50 or greater per Share for a period of ten (10) consecutive trading days, the Company may accelerate the expiry of the Warrants by giving notice to the holders thereof and, in such case, the Warrant will expire on the thirtieth (30th) day after the date of such notice (the "Acceleration Provision"). In consideration for their services in introducing subscribers to the Company under the Private Placement, finders may receive commission of 6% cash and 6% common share purchase warrants, exercisable to purchase one common share at a price of $0.35 for a period of 24 months. In connection with the private placement, the Company paid cash commissions of $75,000 and issued an aggregate of 600,000 finder's warrants (the "Finder's Warrants") to certain brokerage firms and agents for introducing subscribers to the Company. Each Finder's Warrant entitles the holder to receive one Common Share in the capital of the Company at a price of $0.35 per Common Share for a period of 24 months from the date of issuance, subject to the Acceleration Provision. The Common Shares, Warrants and Finder's Warrants, together with all securities which may be issued on exercise, are subject to a hold period under applicable Canadian securities laws expiring four months and one day from the date of issuance. The Company intends to use proceeds of th...

View stock analysis, news, and events for Surenano Science Ltd