Harrys arranges $500,000 private placement

Executive Summary

• Harrys Manufacturing Inc. announced a non‑brokered private placement of up to 7,692,308 units at C$0.065 per unit, targeting gross proceeds of up to $500,000.
• Each unit consists of one common share and one transferable warrant allowing purchase of an additional share at C$0.10 for 24 months after closing.
• Net proceeds are earmarked for market development, general working purposes, operations and administrative costs; the offering is subject to customary regulatory approvals and a four‑month statutory hold period.

Key Details

• Units offered: Up to 7,692,308 units at C$0.065 per unit.
• Gross proceeds target: Up to $500,000 CAD.
• Unit composition: 1 common share + 1 transferable common share purchase warrant.
• Warrant terms: Right to buy one additional share at C$0.10 per share; exercisable for 24 months from closing.
• Use of proceeds: Market development, general working purposes, operations and administrative costs.
• Finder’s fees: May be paid within limits set by the Canadian Securities Exchange (CSE) policies.
• Closing conditions: Subject to receipt of all required corporate and regulatory approvals, including CSE approval.
• Statutory hold period: Four months plus one day from issuance date for all securities issued in this offering.
• Minimum subscription: No minimum aggregate amount required; the offering can close at any level of subscriptions received.

Notable Quotes

(No direct quotes were provided in the release.)