Parent Capital increases placement to $660,000

Executive Summary

• Parent Capital Corp. has upsized its previously announced private placement offering from $400,000 to $660,000.
• The company is offering up to 11 million units at a price of $0.06 per unit.
• Each unit consists of one common share and a warrant exercisable at $0.09 per share for two years.

Key Details

• Offering Size: Increased to $660,000 (up from $400,000).
• Units Offered: Up to 11,000,000 units.
• Price Per Unit: $0.06.
• Warrant Terms: Each unit includes a warrant exercisable to acquire one additional common share at an exercise price of $0.09 per share.
• Warrant Duration: Two years.
• Use of Proceeds: General corporate purposes.
• Finder Fees: The company may pay finder fees on all or part of the offering.
• Regulatory Approval: Closing is subject to approval by the TSX Venture Exchange.
• Hold Period: All securities are subject to a four-month hold period under Canadian securities laws and TSX Venture Exchange policies.