Highlights
- The Company has completed the second and final tranche of its previously announced non-brokered private placement, issuing 151,427 Units at a price of $0.15 per Unit for gross proceeds of $22,714.05.
- The Company has issued and sold an aggregate of 6,424,758 Units for aggregate gross proceeds of $963,713.70 pursuant to the full Offering.
Inturai Ventures Corp. (the “Company”) (CSE: URAI) (OTC: URAIF) (FSE: 3QG0) is pleased to announce that it has closed the second and final tranche of its previously announced non-brokered private placement of units (each, a “Unit”) at a price of $0.15 per Unit (the “Offering”). Under the second and final tranche of the Offering (the “Final Tranche”), the Company issued 151,427 Units for aggregate gross proceeds of $22,714.05. In total, the Company issued and sold an aggregate of 6,424,758 Units for aggregate gross proceeds of $963,713.70 pursuant to the full Offering.
Each Unit consists of one common share of the Company (each, a “Share”) and one share purchase warrant (each, a “Warrant”). Each Warrant entitles the holder to acquire an additional common share of the Company at a price of $0.25 for a period of twenty-four months following the date of issuance. The Warrants are subject to an accelerated expiry if, any time following the date of issuance, the closing price of the Shares on the Canadian Securities Exchange, or such other market as the Shares may trade from time to time, is or exceeds $0.35 for five (5) consecutive trading days, in which event the holders of the Warrants may, at the Company’s election, be given notice and the Company will issue a press release announcing that the Warrants will expire thirty (30) days following the date of such press release. The Warrants may be exercised by the holder of the Warrants during the 30-day period between the date of the press release announcing the accelerated expiry date and the expiration of the Warrants.
The Units issued under the Offering were offered for sale pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions (the “Listed Issuer Financing Exemption”), in each of the provinces of Canada, except Quebec, and other qualifying jurisdictions, including the United States. The Units offered under the Listed Issuer Financing Exemption will be immediately “free-trading” under applicable Canadian securities laws.
In connection with closing of the first tranche of the Offering, the Company paid $9,900 and issued 66,000 finder warrants (each, a “Finders’ Warrant”) to certain arm’s-length parties (each, a “Finder”) who assisted in introducing subscribers to the Offering. Each Finders’ Warrant entitles the holder to acquire one common share of the Company at a price of $0.25 until August 28, 2028. All securities issued to Finders are subject to restrictions on resale until December 29, 2026 in accordance with applicable securities laws and the policies of the Canadian Securities Exchange.
This press release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from U.S. registration requirements and applicable U.S. state securities laws.
The Amended and Restated Offering Document (the “Offering Document”) related to this Offering can be accessed under the Company’s profile at www.sedarplus.ca and on the Company’s website at www.inturai.com. Prospective investors should read this Offering Document before making an investment decision.
About Inturai Ventures
Inturai Ventures is advancing intelligent environments with cutting-edge AI technologies, transforming industries such as healthcare, military, smart homes, and industrial applications.
For more information, visit www.inturai.com.
Source : INTURAI VENTURES CORP.
