Coloured Ties Capital closes $1.2M private placement

Coloured Ties Capital Inc. (TSXV: TIE) (FSE: 97A) has closed a non-brokered private placement, raising approximately $1.2M through the issuance of 2,068,963 units at $0.58 per unit, according to a press release.

Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at $0.72 until October 30, 2031.

The company said it intends to use the net proceeds for general working capital purposes. No finder's fees were paid, and no insiders of the company participated in the offering.

All securities issued are subject to a statutory hold period expiring March 1, 2027, under applicable securities laws and TSX Venture Exchange policies. The offering remains subject to final acceptance by the TSX Venture Exchange.

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