37 Capital arranges $375,000 private placement

Executive Summary

• 37 Capital Inc. announces a non‑brokered private placement to raise up to $375,000 by issuing up to 3 million units at $0.125 per unit.
• Each unit includes one common share and one warrant (exercise price $0.15, three‑year term) with a forced‑exercise provision if the CSE price reaches $0.35 for 10 consecutive days after six months.
• The company also grants 2,065,000 incentive stock options to directors and officers at an exercise price of $0.12 per share, under its approved 20 % rolling stock option plan.

Key Details

• Financing Structure: Non‑brokered private placement; up to 3 million units (1 common share + 1 warrant per unit).
• Pricing: Unit price = $0.125; warrant exercise price = $0.15 per share.
• Gross Proceeds Target: Up to $375,000.
• Use of Proceeds: General working capital and exploration of business opportunities.
• Forced Exercise Provision: If CSE share price ≥ $0.35 for 10 consecutive trading days, any time after six months from issuance, warrants become exercisable automatically.
• Hold Period: All securities issued are subject to a four‑month‑and‑one‑day hold period and applicable securities law restrictions.
• Finders’ Fees & Insider Participation: Potential finders’ fees may be payable; certain insiders may participate in the financing.
• Option Grant: 2,065,000 incentive stock options granted to directors/officers.
• Option Terms: Exercise price = $0.12 per common share; three‑year term; subject to vesting under the company’s 20 % rolling stock option plan approved by shareholders.
• Option Hold Period: Shares issued upon exercise will be subject to a hold period expiring January 27, 2026.

Notable Quotes

(No direct quotes were provided in the release.)