Carrier Connect Data Solutions Upsizes Private Placement

Executive Summary

• Carrier Connect Data Solutions Inc. announced an upsized non‑brokered private placement, now offering up to 5,714,285 units at $0.70 per unit, targeting gross proceeds of up to $4 million.
• Each unit consists of one common share and half of a transferable warrant (full warrant allows purchase of an additional share at $1.00 for two years).
• Proceeds are earmarked for M&A transactions, working capital, and general corporate purposes; the offering remains subject to TSX Venture Exchange approval.

Key Details

• Units Offered: Up to 5,714,285 units (each = 1 common share + ½ warrant)
• Price per Unit: $0.70
• Aggregate Gross Proceeds Target: Up to $4,000,000
• Warrant Terms: Each full warrant permits purchase of one additional common share at $1.00 per share; warrants are transferable and exercisable for a period of two (2) years from issuance.
• Use of Proceeds:
• Funding prospective M&A transactions
• Supporting working capital needs
• General corporate purposes
• Finder’s Fees: Company will pay fees to eligible third parties that introduce subscribers to the offering.
• Resale Restrictions: All securities issued are subject to a resale lock‑up of four months and one day, in accordance with applicable securities laws.
• Regulatory Condition: Completion of the offering is contingent upon approval by the TSX Venture Exchange.

Notable Quotes

“We are pleased to see strong investor interest that allows us to increase the size of this private placement, providing additional capital to accelerate our growth strategy,” – Mark Binns, CEO.