Grounded People Apparel, Inc. (TSE:SHOE) has released an update.
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Grounded People Apparel Inc., a sustainable and ethical fashion company, has announced a non-brokered private placement aiming to raise $3 million by selling units at $0.80 each, with additional purchase warrants attached. The proceeds are intended to bolster the company’s working capital and support general corporate functions. This financing strategy notably excludes finder’s fees and involves an administrative fee in shares to an entity associated with a company insider.
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