Sekur closes $1.68-million private placement

Executive Summary

• Sekur Private Data Ltd. has closed its non-brokered private placement, issuing 33,755,706 units for aggregate gross proceeds of $1,687,785 CAD ($1,205,560 USD).
• Each unit consists of one common share and one transferable common share purchase warrant, with warrants exercisable at $0.10 per share for a 48-month period.
• Proceeds are designated for sales, business development, and general working capital, with directors and officers subscribing to approximately 2.25% of the total offering.

Key Details

• Units Issued: 33,755,706 units.
• Price Per Unit: $0.05 CAD.
• Gross Proceeds: $1,687,785 CAD ($1,205,560 USD).
• Warrant Terms: Each unit includes one transferable common share purchase warrant. Warrants allow for the purchase of one warrant share at an exercise price of $0.10 per share for a period of 48 months after the closing date.
• Finder’s Fees: $7,880 CAD paid in connection with the placement.
• Broker Warrants: 157,600 warrants issued to financial institutions in Canada, carrying the same terms as the investor warrants.
• Insider Participation: Directors and officers subscribed to 610,000 units (approx. 2.25% of total offering) for total proceeds of $30,500 CAD ($21,785 USD).
• Use of Proceeds: Sales, business development, and general working capital.
• Hold Period: Shares issued are subject to a four-month hold period under applicable Canadian securities laws.

Notable Quotes

• None provided in the text.