Harrys Manufacturing closes $45,000 private placement

Executive Summary

• Harrys Manufacturing Inc. closed a non‑brokered private placement of 4.5 million units at C$0.01 per unit, generating gross proceeds of $45,000.
• Each unit consists of one common share and one transferable warrant allowing purchase of an additional share at C$0.05 for up to 24 months.
• Proceeds will be used for day‑to‑day operations and administrative costs; no finders’ fees were paid.

Key Details

• Placement Size: 4.5 million units.
• Price per Unit: $0.01.
• Gross Proceeds: $45,000.
• 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 four‑month plus one‑day hold period under applicable securities legislation.
• Finder’s Fees: None paid in connection with the closing.

Notable Quotes

(No executive quotes were included in the release.)