Harrys Manufacturing closes $131,250 private placement

Executive Summary

• Harrys Manufacturing Inc. closed a non‑brokered private placement of 2,019,233 units at C$0.065 per unit, generating gross proceeds of $131,250.12.
• Each unit includes one common share and one transferable warrant to purchase an additional share at C$0.10 for up to 24 months.
• Proceeds are earmarked for market development and general working purposes; related party participation and transaction fees were disclosed.

Key Details

• Placement Size: 2,019,233 units (each = 1 common share + 1 warrant).
• Price per Unit: C$0.065 (6.5 cents).
• Gross Proceeds: $131,250.12.
• Warrant Terms: One‑for‑one warrant per unit; exercise price C$0.10; exercisable for 24 months from issuance.
• Use of Proceeds: Market development and general working purposes.
• Transaction Fees: Cash finder fees of $487.50 paid at closing.
• Related Party Participation: One director contributed $100,000, qualifying as a related‑party transaction under MI 61‑101; exemption from valuation and minority approval relied upon per subsections 5.5(a) and 5.7(1)(a).

Notable Quotes

(No executive quotes were provided in the release.)