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An announcement from 37 Capital ( (TSE:JJJ) ) is now available.
37 Capital Inc. has announced a non-brokered private placement financing of up to $250,000 through the issuance of as many as 2.5 million units at $0.10 per unit, each unit comprising one common share and one share purchase warrant exercisable at $0.15 for three years. The financing, which may include participation by insiders and payment of finder’s fees, features a forced exercise provision if the share price trades at or above $0.35 for 10 consecutive days after six months, with proceeds earmarked for general working capital and all resulting securities subject to a four-month-and-one-day hold period under applicable securities laws, underscoring the speculative nature of the stock and the company’s reliance on capital markets to fund operations.
More about 37 Capital
37 Capital Inc., listed on the Canadian Securities Exchange under the symbol JJJ, is a Vancouver-based company focused on the mining sector, with its listing categorized under mining on the CSE. The company operates as a junior resource issuer, relying on periodic equity financings to support its activities and ongoing corporate requirements.
Average Trading Volume: 24,814
Technical Sentiment Signal: Sell
Current Market Cap: C$2.48M
See more data about JJJ stock on TipRanks’ Stock Analysis page.