Grounded People Apparel, Inc. (TSE:SHOE) has released an update.
Grounded People Apparel Inc. successfully completed a private financing round, raising $610,000 through the sale of over a million units at $0.60 each, with options for share purchase warrants. Major investor Right Season Investments Corp. has increased its holdings, maintaining approximately 20% of the company’s shares. The funds and additional shares issued for administrative services suggest a strategic move to bolster the company’s financial position and governance.
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