West Island Brands Inc (TSE:WIB) has released an update.
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West Island Brands Inc. announced its plan to raise $200,000 through a private placement of over 2 million units, which includes shares and warrants, to finance the revocation of a cease trade order and other corporate purposes. The proceeds will address outstanding fees, prepare audited financial statements, and cover costs associated with the full revocation of the FFCTO imposed due to the company’s failure to file certain documents. The securities issued will be subject to a standard four-month hold period.
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