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Financings

GCAC Announces Private Placement

By The Northwire Desk — AI Analysis Feb 05, 2026 · 23:36 APP · 0.015 Global Compliance Applications Corp.
APP · Price

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.)

Read the original news release →

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