Tablas Ventures arranges $101,250 private placement

Executive Summary

• Tablas Ventures Corp. is conducting a non‑brokered private placement of 900,000 common shares at $0.1125 per share to raise gross proceeds of $101,250.
• The company will use the proceeds, together with an additional settlement issuance of 852,136 shares, to settle $95,865 of outstanding debt and for working‑capital purposes.
• All securities issued are subject to a statutory hold period of four months and one day and require TSX Venture Exchange approval.

Key Details

• Private Placement: 900,000 common shares @ $0.1125 per share → gross proceeds $101,250.
• Debt Settlement Agreement: Issuance of 852,136 common shares @ $0.1125 per share to settle $95,865 in liabilities.
• Participating Creditor: Emprise Special Opportunities Fund (2017) Limited Partnership, a controlling shareholder, expected to participate in the settlement.
• Use of Proceeds: Settlement of specified debt and general working‑capital needs.
• No Finder’s Fees: The financing will be completed without any finder’s fees payable.
• Statutory Hold Period: All shares issued under both transactions are subject to a hold period of four months and one day from issuance date.
• Regulatory Approval: Both the private placement and debt settlement are contingent upon approval by the TSX Venture Exchange.

Notable Quotes

(No executive quotes were provided in the release.)