37 Capital closes $68,750 first tranche of financing

Executive Summary

• 37 Capital Inc. closed the first tranche of an equity financing, raising $68,750 in gross proceeds.
• Issued 550,000 units at C$0.125 per unit; each unit includes one common share and one warrant to purchase a share at C$0.15 for three years.
• Proceeds are earmarked for general working capital; securities are subject to a four‑month‑plus‑one‑day hold period expiring 17 Feb 2026.

Key Details

• Gross proceeds: $68,750.
• Units issued: 550,000 units at C$0.125 per unit.
• Unit composition: 1 common share + 1 warrant (exercise price C$0.15, three‑year term).
• Forced exercise provision: If the company’s shares trade ≥ C$0.35 for 10 consecutive trading days after six months from issuance, warrants become subject to forced exercise.
• Use of proceeds: General working capital.
• Hold period: Securities subject to a four‑month‑and‑one‑day hold, expiring 17 Feb 2026.

Notable Quotes

(No executive quotes provided in the release.)