Shelfie-Tech arranges $2-million (U.S.) financing

Executive Summary

• Shelfie-Tech Ltd. announced a non-brokered private placement of up to 2 million common shares at $1.00 USD per share, targeting gross proceeds of up to $2 million USD.
• The company will pay finders' fees of up to 8.0% of gross proceeds for shares introduced by eligible finders.
• Proceeds are designated for corporate purposes, research and development (R&D), acquisitions, and working capital.

Key Details

• Security Type: Common shares
• Offering Size: Up to 2,000,000 shares
• Price Per Share: $1.00 USD
• Gross Proceeds: Up to $2,000,000 USD
• Structure: Non-brokered private placement
• Finders' Fees: Up to 8.0% of gross proceeds raised from shares sold to subscribers directly introduced by eligible finders
• Use of Proceeds: Corporate purposes, research and development (R&D), acquisitions, and working capital
• Conditions Precedent: Receipt of all necessary corporate and regulatory approvals, including from the Canadian Securities Exchange (CSE)
• Minimum Subscription: None; the offering is not subject to a minimum aggregate amount of subscriptions
• Statutory Hold Period: Four months plus one day from the date of issuance, in accordance with applicable securities legislation and CSE rules

Notable Quotes

• None provided in the text.