Right Season arranges $1.2-million private placement

Executive Summary

• Right Season Investments Corp. announced a proposed non-brokered private placement of up to 20 million units at $0.06 per unit, raising up to $1.2 million in gross proceeds.
• Each unit consists of one common share and 0.6 of a common share purchase warrant, with warrants exercisable at $0.07 per share for 48 months.
• Net proceeds are designated for pursuing potential investment opportunities and general working capital.

Key Details

• Structure: Non-brokered private placement of up to 20,000,000 units.
• Price: $0.06 per unit.
• Gross Proceeds: Up to $1,200,000.
• Unit Composition: One common share and 0.6 of a common share purchase warrant per unit.
• Warrant Terms:
  • Exercise Price: $0.07 per share.
  • Duration: 48 months following the closing date.
  • Right: Entitles holder to purchase one share per warrant upon exercise.
• Use of Proceeds: Pursuing potential investment opportunities and general working capital purposes.
• Finders' Fees: The company may pay finders' fees and/or issue finders' warrants on the same terms as the investor warrants to eligible parties who introduced subscribers.
• Administrative Fee: The company intends to issue shares equal to 1.0% of the total shares issued in the offering to an arm's-length third party as an administrative fee for assistance with the offering.
• Regulatory Conditions:
  • Subject to approval by the TSX Venture Exchange.
  • Offered pursuant to exemptions from prospectus requirements.
  • Securities subject to a four-month-and-one-day statutory hold period and applicable TSX Venture Exchange hold period.

Notable Quotes

• None provided in the text.