AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
PesoRama Inc. is conducting a non-brokered private placement of up to $5 million in a LIFE Offering, selling 33.3 million units at $0.15 per unit. Each unit consists of one common share and one warrant exercisable for 24 months. The company plans to use the proceeds for store expansion and working capital. The securities issued will not be subject to a hold period under Canadian securities laws, except for insiders and certain consultants who will be subject to a four-month hold period.
PesoRama Inc. (PSSOF), a Canadian company operating dollar stores in Mexico, has announced a non-brokered private placement offering to raise $5 million through the sale of 33,333,333 units at $0.15 per unit. Each unit consists of one common share and one warrant exercisable for 24 months. The warrants include an acceleration clause if the stock trades above $0.50 for 10 consecutive days. The company plans to use the proceeds for store expansion and working capital. The offering is expected to close around June 26, 2025, subject to TSXV approval. Insiders may participate in the offering, and the company has partnered with Markette Ventures for digital distribution, paying a 1% fee. Additional finder's fees of up to 7% cash and 7% warrants may be paid to eligible finders [1].Daily stocks & crypto headlines, free to your inbox
Comments
No comments yet