BlueRush Plans $1M Capital Raise Through Private Placement

Salona Global Medical Device (TSE:EVMT) has released an update.

BlueRush Inc., a SaaS company specializing in personalized video engagement, has announced a non-brokered private placement aiming to raise $1,020,000 by issuing units inclusive of common shares, warrants, and convertible debentures. The funds are designated for working capital and settling aged payables, with strict stipulations on non-payment to Non-Arm’s Length Parties and a cap on Investor Relations Activities expenses. The offering, which includes potential finder’s fees and is subject to a four-month hold period and TSXV approval, reflects the company’s strategy to enhance its financial position without broker intermediation.

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