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37 Capital ( (TSE:JJJ) ) has shared an announcement.
37 Capital Inc. has successfully closed the second and final tranche of its private placement, raising a total of $171,500 by issuing 2,450,000 units at $0.07 per unit. This brings the total gross proceeds from the financing to $350,000, which will be used for general working capital purposes. The issuance included a related party transaction, with an insider acquiring 1,500,000 units, and is subject to Multilateral Instrument 61-101 exemptions. The securities are under a hold period until January 16, 2026, and the warrants include a provision for early exercise if the company’s shares trade at $0.35 or higher for 10 consecutive days.
More about 37 Capital
37 Capital Inc. operates in the mining industry and is listed on the Canadian Securities Exchange. The company focuses on equity financing and investment opportunities, aiming to strengthen its market position through strategic financial initiatives.
Average Trading Volume: 184,604
Technical Sentiment Signal: Buy
Current Market Cap: C$2.01M
See more data about JJJ stock on TipRanks’ Stock Analysis page.