") is pleased is pleased to announce a second tranche closing of its non-brokered private placement for gross proceeds of $85,000 at a price of $0.05 per Unit. Each Unit consists of one common share in the share capital of the Company at a price of $0.10 per Additional Share on the date that is twenty-four months following the closing date .
The Company intends to use the net proceeds of the Offering for general working capital purposes. The Company will be closing further tranches of the Offering. The securities issued under the Offering, and any Common Shares that may be issuable on exercise of the Warrants, will be subject to a statutory hold period expiring four months and one day from the date of issuance.
The securities offered pursuant to the Offering have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.
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