Green Panda arranges $300,000 private placement

Executive Summary

• Green Panda Capital Corp. announced a non-brokered private placement of up to 6 million common shares at $0.05 per share, raising up to $300,000 in gross proceeds.
• The company appointed Ivan Riabov as Director, Chief Financial Officer, and Corporate Secretary, effective November 7, succeeding Steven Olsthoorn who stepped down from all three roles.
• Net proceeds will be used for general corporate purposes, and the transaction is subject to regulatory approvals including TSX Venture Exchange acceptance.

Key Details

• Financing Structure: Non-brokered private placement of up to 6,000,000 common shares.
• Price: $0.05 per common share.
• Gross Proceeds: Up to $300,000.
• Finder’s Fees: Cash commission of up to 6% of gross proceeds raised.
• Use of Proceeds: General corporate purposes.
• Conditions: Subject to regulatory approvals, including acceptance by the TSX Venture Exchange.
• Management Change: Ivan Riabov appointed as Director, CFO, and Corporate Secretary effective Nov. 7.
• Succession: Steven Olsthoorn voluntarily stepped down as Director, CFO, and Corporate Secretary effective Nov. 7.

Notable Quotes

• "Mr. Riabov brings extensive experience in capital markets and corporate finance, and will provide valuable guidance as Green Panda advances its corporate strategy."