- Pioneer Media Holdings (JPEG) announced a non-brokered private placement for gross proceeds of up to $1,000,000
- The company will issue up to 10,000,000 units at $0.10 per unit
- Proceeds raised will be used for general working capital and corporate purposes
- Pioneer is a leading web3 gaming and infrastructure company
- Pioneer Media Holdings Inc. (JPEG) opened trading at C$0.075
Pioneer Media Holdings (JPEG) announced a non-brokered private placement for gross proceeds of up to $1,000,000.
The company will issue up to 10,000,000 units at $0.10 per unit. Each unit consists of one common share and one-half of a transferable common share purchase warrant. Each whole warrant entitles the holder to acquire one additional common share for a period of 24 months at an exercise price of $0.25.
Proceeds raised will be used to continue executing its strategic growth strategy, ongoing technology development and general working capital and corporate purposes.
All securities issued will be subject to a statutory four-month hold period.
Pioneer is a leading web3 gaming and infrastructure company using its proprietary suite of technology, MetaKit, to build and convert games and applications for the blockchain.
Pioneer Media Holdings Inc. (JPEG) opened trading at C$0.075.
