37 Capital Closes First Tranche of Equity Financing

Executive Summary

• 37 Capital Inc. closed the first tranche of its equity financing, raising $68,750 in gross proceeds.
• Issued 550,000 units at $0.125 per unit, each unit comprising one common share and one warrant to purchase a share at $0.15 for three years.
• Proceeds will be used for general working capital; securities are subject to a four‑month hold period expiring 17 Feb 2026, with a forced‑exercise provision if the CSE price reaches $0.35 for ten consecutive trading days after six months.

Key Details

• Financing Structure: 550,000 units @ $0.125 per unit = $68,750 gross proceeds.
• Unit Composition: 1 common share + 1 warrant (exercise price $0.15, term 3 years).
• Forced Exercise Provision: If, after six months from issuance, the CSE share price ≥ $0.35 for 10 consecutive trading days, warrants become subject to forced exercise.
• Use of Proceeds: General working capital.
• Hold Period: Securities subject to a four‑month and one‑day hold period; expiry on 17 Feb 2026.

Notable Quotes

• “The funds raised from the financing will be used towards general working capital.” – Jake H. Kalpakian, President & CEO.