Parent Capital arranges $400,000 private placement

Executive Summary

• Parent Capital Corp. has announced a private placement offering of up to 6,666,667 units at a price of $0.06 per unit, targeting gross proceeds of up to $400,000.
• Each unit consists of one common share and one warrant, with the warrant exercisable at $0.09 per share for a period of two years.
• Net proceeds are designated for general corporate purposes, and the transaction is subject to TSX Venture Exchange approval.

Key Details

• Offering Size: Up to 6,666,667 units.
• Price Per Unit: $0.06.
• Gross Proceeds: Up to $400,000.
• Unit Composition: Each unit includes one common share and one warrant.
• Warrant Terms:
  • Exercise Price: $0.09 per share.
  • Duration: Two years.
• Use of Proceeds: General corporate purposes.
• Conditions: Closing is subject to approval by the TSX Venture Exchange.
• Fees: The company may pay finders' fees on all or part of the offering.