Ecolomondo Targets C$1.5M in Private Placement

Ecolomondo Corporation (TSE:ECM) has released an update.

Ecolomondo Corporation is set to raise up to C$1.5 million through a non-brokered private placement by selling up to 8.33 million units at C$0.18 each, which includes a common share and a purchase warrant. The funds from this offering, closing by July 28, 2024, will be used to enhance the Hawkesbury TDP Facility and for general corporate purposes. The offering is open to select Canadian provinces and the units will be immediately tradeable in Canada under certain conditions.

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