Global Compliance arranges $1-million private placement

Executive Summary

• Global Compliance Applications Corp. (GCAC) announced a non-brokered private placement to raise up to $1 million in gross proceeds.
• The offering consists of up to 90,909,091 units priced at 1.1 cents per unit, with each unit comprising one common share and one common share purchase warrant.
• Net proceeds will be directed toward general working capital, subject to standard corporate and regulatory approvals, including CSE consent.

Key Details

• Gross Proceeds: Up to $1,000,000
• Units Offered: Up to 90,909,091 units
• Price per Unit: 1.1 cents
• Unit Composition: 1 common share + 1 common share purchase warrant per unit
• Warrant Terms: Exercisable at $0.05 per warrant share for a 2-year period from issuance
• Use of Proceeds: General working capital
• Hold Period: 4-month statutory hold on all issued securities
• Finders' Fees: Up to the amount permitted by Canadian Securities Exchange (CSE) policies
• Conditions Precedent: Subject to receipt of all necessary corporate and regulatory approvals, including CSE approval
• Placement Structure: Non-brokered private placement