GCAC Announces Private Placement

Executive Summary

• Global Compliance Applications Corp. announced a non‑brokered private placement of up to 90,909,091 units at $0.011 per unit, targeting gross proceeds of up to $1,000,000.
• Each unit consists of one common share and one common share purchase warrant (exercisable at $0.05 per share for two years).
• Net proceeds are earmarked for general working capital, with securities subject to a four‑month statutory hold period.

Key Details

• Units Offered: Up to 90,909,091 units at $0.011 per unit.
• Gross Proceeds Target: $1,000,000 (maximum).
• Unit Composition: 1 common share + 1 warrant per unit.
• Warrant Terms: Exercisable into a common share at $0.05 per share; valid for 2 years from issuance.
• Use of Proceeds: General working capital.
• Statutory Hold Period: Four months on all securities issued in the placement.
• Finder’s Fees: Company may pay finder’s fees up to the amount permitted by CSE policies.
• Closing Conditions: Subject to receipt of required corporate and regulatory approvals, including CSE approval.

Notable Quotes

(No executive quotes were provided in the release.)