Prophecy Defi arranges $600,000 private placement

Executive Summary

• Prophecy Defi Inc. announced a non-brokered private placement to raise up to $600,000 by issuing up to 5,000,000 units.
• Each unit is priced at $0.12 and consists of one common share and one common share purchase warrant.
• The warrants are exercisable into one additional common share at $0.20 per share for a period of five years.

Key Details

• Total Proceeds: Up to $600,000
• Units Issued: Up to 5,000,000 units
• Price Per Unit: $0.12
• Unit Composition: One common share and one common share purchase warrant
• Warrant Terms:
  • Exercisable into one additional common share
  • Exercise Price: $0.20 per share
  • Duration: Five years from the closing date
• Use of Proceeds: Working capital and other general and administrative costs
• Hold Period: Four months from the date of issue for all securities issued
• Conditions: Closing is subject to receipt of all necessary corporate and regulatory approvals
• Fees: A finder's fee may apply to a portion of the proceeds raised

Notable Quotes

• None provided in the text.