- Plurilock (PLUR) has announced a C$1 million non-brokered private placement
- The company may, at its sole discretion, increase the size of the offering to up to 10,714,285 units, which would raise aggregate gross proceeds to a maximum of $1.5 million
- It intends to use the proceeds for general corporate purposes
- Plurilock provides identity-centric cybersecurity for today’s workforces
- Plurilock Security (PLUR) opened with a loss of 8.82 per cent trading at $0.155 per share
Plurilock (PLUR) has announced a C$1 million non-brokered private placement.
The company intends to offer up to 7,142,857 units priced at $0.14.
It may, at its sole discretion, increase the size of the offering to up to 10,714,285 units, which would raise aggregate gross proceeds to a maximum of $1.5 million.
Each unit is comprised of one common share and one common share purchase warrant.
Each warrant entitles the holder to acquire one additional share for $0.25 for two years from the closing of the offering.
Plurilock intends to use the proceeds for general corporate purposes.
The first tranche of the offering is slated to close on or around December 13, 2022.
The offering is being completed pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106, Prospectus Exemptions. This means the offering will not be subject to a hold period in accordance with applicable Canadian securities laws.
Plurilock provides identity-centric cybersecurity for today’s workforces.
Plurilock Security (PLUR) opened with a loss of 8.82 per cent trading at $0.155 per share.