INTURAI VENTURES ANNOUNCES PRIVATE PLACEMENT
(CSE: URAI / OTC: URAIF / FSE: 3QG0)
[email protected]
Highlights
- Inturai launches a financing of up to
$1,275,000 through a non-brokered private placement of up to 8,500,000 units at$0.15 per unit. - Each unit includes one common share and one full warrant, providing investors with additional participation in the Company's future growth.
- Proceeds are expected to be used for research and development, business development and general working capital purposes.
The Company expects to utilize the proceeds of the Offering for research and development, business development and general working capital purposes.
The Units to be issued under the Offering will be offered for sale pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions (the "Listed Issuer Financing Exemption"), in each of the provinces of
There is an offering document (the "Offering Document") related to this Offering that can be accessed under the Company's profile at www.sedarplus.ca and at the Company's website at www.inturai.com. Prospective investors should read this Offering Document before making an investment decision.
In connection with completion of the Offering, the Company may pay finders' fees to eligible third-parties who have introduced subscribers to the Offering. Completion of the Offering remains subject to receipt of regulatory approvals. Such finder's fees may consist of: (i) a cash fee equal to up to 6.0% of the gross proceeds of the Offering from investors introduced to the Company by a finder; and (ii) non-transferable finder's warrants ("Finder's Warrants") equal to up to 6.0% of the aggregate number of Units issued to those investors which shall have the same terms as the Warrants. The Finder's Warrants will have a four-month-and-one-day hold period after the closing date.
This press release is not an offer to sell or the solicitation of an offer to buy the securities in
About Inturai Ventures
Inturai Ventures is advancing intelligent environments with cutting- edge AI technologies, transforming industries such as healthcare, military, smart homes, and industrial applications. For more information, visit www.inturai.com.
On behalf of the Board of Directors
Ed Clarke, CEO
Inturai Ventures Corp.
Email: [email protected]
Phone: (+1) 604 339-0339
Forward-Looking Statements
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements are frequently characterized by words such as "anticipates", "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed", "positioned" and other similar words, or statements that certain events or conditions "may" or "will" occur and include, but are not limited to, statements with respect to the intended use of proceeds from the Offering; closing of the Offering; and filing of the Offering Document. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to general business, economic, competitive, political and social uncertainties, uncertain capital markets; and delay or failure to receive board or regulatory approvals. The reader is cautioned that the assumptions used in the preparation of the forward-looking statements may prove to be incorrect and the actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits, including the amount of proceeds, the Company will derive therefrom. Readers are cautioned that the foregoing list of factors is not exhaustive. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
View original content:https://www.prnewswire.com/news-releases/inturai-ventures-announces-private-placement-302843082.html
SOURCE INTURAI VENTURES CORP.
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