Carbeeza arranges $500,000 private placement

Executive Summary

• Carbeeza Inc. announced a non-brokered private placement of up to 10 million common shares at $0.05 per share, targeting gross proceeds of up to $500,000.
• The offering is subject to regulatory approval, specifically from the TSX Venture Exchange, and includes a statutory hold period of four months and one day for all issued shares.
• Net proceeds will be utilized for working capital and general corporate purposes.

Key Details

• Transaction Type: Non-brokered private placement.
• Shares Offered: Up to 10,000,000 common shares.
• Price Per Share: $0.05.
• Gross Proceeds: Up to $500,000.
• Use of Proceeds: Working capital and general corporate purposes.
• Hold Period: All shares are subject to a statutory hold period of four months and one day.
• Conditions Precedent: Completion is subject to various conditions, including receipt of TSX Venture Exchange approval.