Integrated Cyber arranges $2.5-million placement

Executive Summary

• Integrated Cyber Solutions Inc. announced a non‑brokered private placement of 10 million common shares at C$0.25 per share, targeting gross proceeds of $2.5 million.
• The offering is subject to a four‑month hold period under Canadian securities law and will close pending customary conditions, including filing requirements with the Canadian Securities Exchange (CSE).
• Net proceeds are earmarked for general working capital and software development initiatives.

Key Details

• Placement Size: 10 million common shares.
• Price per Share: C$0.25.
• Gross Proceeds: $2.5 million CAD.
• Hold Period: Four months from the date of issuance, as required by Canadian securities regulations.
• Use of Proceeds: General working capital and software development activities.
• Closing Conditions: Subject to satisfaction of customary closing conditions, including submission of all required forms to the CSE.

Notable Quotes

(No executive quotes were provided in the release.)