Sekur Private Data Ltd. Closes Non-Brokered Private Placement

Executive Summary

• Sekur Private Data Ltd. closed a non‑brokered private placement, issuing 33,755,706 units at CA$0.05 per unit for total gross proceeds of CA$1,687,785 (≈ US$1.21 M).
• Each unit consists of one common share and one transferable warrant; the warrants allow purchase of shares at CA$0.10 per share for a 48‑month period after closing.
• Proceeds are earmarked for sales, business development, and general working capital, providing material financing to support growth initiatives.

Key Details

• Units Issued: 33,755,706 (each = 1 common share + 1 warrant).
• Price per Unit: CA$0.05.
• Gross Proceeds: CA$1,687,785 (US$1,205,560).
• Warrant Terms: Exercise price CA$0.10; exercisable for 48 months post‑closing.
• Finder’s Fees Paid: CA$7,880.
• Broker Warrants Issued: 157,600 warrants to Canadian financial institutions (same terms as offering warrants).
• Director/Officer Participation: 610,000 units subscribed (~2.25% of total), yielding CA$30,500 (US$21,785) in proceeds.
• Use of Proceeds: Sales expansion, business development activities, and general working capital.
• Holding Period: Shares issued are subject to a four‑month hold period under Canadian securities law.

Notable Quotes

(No executive quotes were included in the release.)