37 Capital Closes Third Tranche of Equity Financing

Executive Summary

• 37 Capital Inc. closed the third tranche of its equity financing, raising $90,625 in gross proceeds.
• Issued 725,000 units at $0.125 per unit, each unit comprising one common share and one warrant (exercise price $0.15, three‑year term).
• Paid a finder's fee of $6,344 and issued related finder's warrants; also granted 400,000 incentive stock options to an insider under the 20 % Rolling Stock Option Plan.

Key Details

• Financing Structure: 725,000 units @ $0.125 per unit = $90,625 gross proceeds.
• Unit Composition: 1 common share + 1 warrant (exercise price $0.15, exercisable for three years).
• Forced Exercise Provision: If the CSE share price reaches ≥ $0.35 for 10 consecutive trading days after six months from issuance, warrants become subject to forced exercise.
• Use of Proceeds: General working capital.
• Finder’s Compensation: Cash fee of $6,344 and issuance of 50,750 finder's warrants (exercise price $0.15, two‑year term).
• Hold Period: All securities issued are subject to a four‑month‑and‑one‑day hold period expiring 2026-03-21.
• Incentive Stock Options: 400,000 options granted to an insider at $0.155 per share, three‑year term, under the 20 % Rolling Stock Option Plan; shares from exercised options also subject to the same hold period.

Notable Quotes

(No direct quotes provided in the release.)