Harrys Manufacturing closes $50,000 private placement

Executive Summary

• Harrys Manufacturing Inc. closed a non‑brokered private placement of 2 million units at $0.025 per unit, generating gross proceeds of $50,000.
• Each unit consists of one common share and one transferable warrant to purchase an additional share at $0.05 exercisable for 24 months.
• Proceeds will be used for day‑to‑day operations and administrative costs; no finders’ fees were paid.

Key Details

• Placement Size: 2,000,000 units
• Price per Unit: $0.025 (2.5 cents)
• Gross Proceeds: $50,000
• Unit Composition: 1 common share + 1 transferable warrant
• Warrant Terms: Right to purchase one additional share at an exercise price of $0.05; exercisable for 24 months from issuance date.
• Use of Proceeds: Funding day‑to‑day operating expenses and administrative costs.
• Statutory Hold Period: All securities subject to a hold period of four months plus one day from issuance.
• Finders’ Fees: None paid in connection with the closing.

Notable Quotes

(No quotes provided in the release.)