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Plurilock (TSXV:PLUR) closes first tranche of non-brokered private placement

Technology, The Market Online Deal Room
TSXV:PLUR
22 December 2022 08:45 (EDT)

Plurilock Security Inc. | Twitter

Plurilock (PLUR) has closed the first tranche of a non-brokered private placement for gross proceeds of $1,213,537.22.

Under the first tranche, the company issued 8,668,123 units at $0.14 per unit. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to acquire one additional share at a price of $0.25 until December 21, 2024.

The company paid finder’s fees totalling $54,826.62 and issued 391,618 warrants.

Net proceeds raised will be used for general corporate purposes. The company expects to close one or more additional tranches of the offering.

Plurilock offers world-class IT and cybersecurity solutions through its Solutions Division, paired with proprietary, AI-driven and cloud-friendly security through its Technology Division.

Plurilock Security Inc. (PLUR) opened trading at C$0.14.


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