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37 Capital ( (TSE:JJJ) ) just unveiled an announcement.
37 Capital Inc. has amended its proposed equity financing plan, now intending to issue up to 5,000,000 units at $0.07 per unit, aiming to raise up to $350,000. Each unit includes one common share and a warrant to purchase an additional share at $0.10 within three years. The company has also canceled its previously proposed convertible debenture financing of up to $450,000. The funds from this financing will be used for general working capital, with potential finder’s fees and insider participation. This move reflects a strategic shift in the company’s financing approach, potentially impacting its liquidity and market positioning.
More about 37 Capital
37 Capital Inc. operates within the mining industry, focusing on the exploration and development of mineral properties. The company is based in Vancouver, BC, and is listed on the Canadian Securities Exchange under the symbol JJJ.
Average Trading Volume: 108,956
Technical Sentiment Signal: Sell
Current Market Cap: C$1.37M
See more insights into JJJ stock on TipRanks’ Stock Analysis page.