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37 Capital ( (TSE:JJJ) ) has provided an update.
37 Capital Inc. has announced plans to raise up to $700,000 through the issuance of 10 million units, each comprising a common share and a share purchase warrant. Additionally, the company aims to secure $450,000 via convertible debentures, offering a 10% annual interest and convertible into common shares. The proceeds will support general working capital, while a debt settlement agreement will see the issuance of common shares to a creditor. These strategic financial moves are expected to enhance the company’s liquidity and operational flexibility.
More about 37 Capital
37 Capital Inc. operates in the financial industry, focusing on capital raising and investment services. The company is engaged in issuing shares and convertible debentures, primarily targeting investors interested in share purchase warrants and convertible securities.
Average Trading Volume: 70,289
Technical Sentiment Signal: Hold
Current Market Cap: C$1.37M
Learn more about JJJ stock on TipRanks’ Stock Analysis page.