Northwire Canada EditionTuesday, October 20, 2026
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Financings

A-Labs Capital II arranges $150,000 private placement

ALAB · Price

Executive Summary

  • A‑Labs Capital II Corp. announced a non‑brokered private placement of up to 3 million common shares at C$0.05 per share, targeting gross proceeds of up to $150,000.
  • The securities will be subject to a statutory hold period of four months and one day, pending required approvals from the TSX Venture Exchange and securities regulators.
  • Proceeds are earmarked for general working‑capital purposes.

Key Details

  • Offering size: Up to 3,000,000 common shares.
  • Price per share: C$0.05 (five cents).
  • Maximum gross proceeds: $150,000.
  • Placement type: Non‑brokered private placement (non‑registered offering).
  • Statutory hold period: Four months and one day from issuance date.
  • Conditions precedent: Receipt of all necessary approvals, including final approval by the TSX Venture Exchange and applicable securities regulatory authorities.
  • Use of proceeds: General working capital.

Notable Quotes

(No executive quotes were provided in the release.)

Read the original news release →