City View Green Holdings Targets $1M Capital Raise

City View Green Holdings (TSE:CVGR) has released an update.

City View Green Holdings Inc. is set to raise up to $1 million through a non-brokered private placement of 100 million units at $0.01 each, aiming to boost its capital for general corporate purposes. The offer includes one share and a half warrant per unit, potentially accelerating if share prices exceed $0.055 over a set period. Additionally, the company is exploring strategic options, including a potential spin-out of its subsidiary to enhance shareholder value.

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