Financings
Waverunner Capital closes $245,000 private placement
WRUN · Price
Executive Summary
- Waverunner Capital Inc. closed a non‑brokered private placement of 4.9 million common shares at $0.05 per share, generating $245,000 in gross proceeds.
- Proceeds will be used to bolster working capital, settle outstanding payables (including related‑party obligations), and fund future business initiatives.
- All issued securities are subject to a statutory hold period of four months plus one day from the closing date.
Key Details
- Shares Issued: 4.9 million common shares.
- Price per Share: $0.05.
- Gross Proceeds: $245,000.
- Use of Proceeds:
- Enhance working capital.
- Resolve outstanding payables, including related‑party obligations.
- Support future business initiatives and growth opportunities.
- Statutory Hold Period: Four months plus one day from the closing date, per securities law requirements.
- CEO Comment: Douglas Ford stated the financing “demonstrates the confidence our stakeholders have in Waverunner's vision” and that the fresh capital positions the company to pursue new opportunities and deliver shareholder value.
Notable Quotes
“This successful financing demonstrates the confidence our stakeholders have in Waverunner's vision. With fresh capital in place, we are energized to pursue new opportunities and deliver value for our shareholders.” – Douglas Ford, Chief Executive Officer.