Darelle Online Solutions Advances Private Placement to Fund Raffle Platform Development

Darelle Online Solutions ( (TSE:DAR) ) has shared an announcement.

Darelle Online Solutions Inc. is advancing its non-brokered private placement, offering up to 5,250,000 units at $0.10 per unit, aiming to raise $525,000. The proceeds will fund the development of Darelle’s online raffle platform and supplement general working capital. A director’s participation in the placement is considered a related party transaction, but exemptions apply due to the transaction’s size relative to the company’s market capitalization. The private placement’s completion is subject to TSX Venture Exchange approval, and all securities will have a four-month hold period. The company has also agreed to pay eligible finders a fee of up to 12.5% in cash and shares.

More about Darelle Online Solutions

Darelle Online Solutions Inc. is a British Columbia-based corporation headquartered in Vancouver. It operates an online marketplace platform that enables charitable and nonprofit organizations to create, sell, deliver, and manage raffle tickets and 50/50 draws entirely online. The company is listed on the TSX Venture Exchange as a Tier 2 Technology Issuer.

Average Trading Volume: 14,465

Technical Sentiment Signal: Strong Sell

Current Market Cap: C$294.8K

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