Original News Release
Carrier Connect arranges $749,999 private placement
Mr. Mark Binns reports
CARRIER CONNECT DATA SOLUTIONS INC. ANNOUNCES PRIVATE PLACEMENT
Carrier Connect Data Solutions Inc. has arranged a non-brokered private placement of up to 833,333 units of the company at a price of 90 cents per unit, for aggregate gross proceeds of up to $749,999.70. Each unit will consist of one common share and one-half of one transferable share purchase warrant, each full warrant entitling the holder to acquire an addition common share of the company at a price of $1.35 per share for a period of two years. The proceeds from the offering are expected to be used for working capital and general corporate purposes. The offering is currently fully subscribed by a strategic investor, and no finders' fees will be paid.
The offering is expected to close in December of 2025 and is conditional on the satisfaction of customary conditions, including the approval of the TSX Venture Exchange. All securities issued in connection with the offering will be subject to restrictions on resale for a period of four months and one day in accordance with applicable securities laws.
About Carrier Connect Data Solutions Inc.
Carrier Connect's mission is to roll up Tier 2/3 data centres internationally that specialize in delivering co-location and data centre solutions to artificial intelligence companies, service providers, enterprises and small businesses. Data centres are the physical locations that store computing machines and their related hardware equipment, such as servers, data storage drives and network equipment. As a carrier-neutral organization, Carrier has systems fully independent and owned outright within its leased space. The current principal markets for the company are Vancouver and Ottawa, Canada, and Perth, Australia, where it serves clients which use its facilities either as their primary data centre or as an ancillary site depending on their needs.
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