- Timeless Capital Corp. (TLC.P) has raised $211,000 through a private placement of common shares
- Under the offering, the company sold 2,110,000 common shares at $0.10 per share
- The net proceeds will be used to fund ongoing activities relating to the completion of a qualifying transaction
- Timeless is a CPC whose principal business is to identify and complete a qualifying transaction
- Timeless Capital Corp. (TLC.P) opened trading at C$0.10
Timeless Capital Corp. (TLC.P) has closed a private placement for gross proceeds of $211,000.
The company issued 2,110,000 common shares priced at $0.10 per share.
The shares issued are subject to a statutory four-month hold period.
The net proceeds will be used to fund ongoing activities relating to the identification and negotiation of a suitable qualifying transaction under TSX Venture Exchange policies.
In connection with the closing of the offering, 100,000 common shares were issued to an insider of the corporation.
Timeless is a CPC whose principal business is to identify and evaluate opportunities for the acquisition of an interest in assets or businesses and to complete a qualifying transaction in accordance with the policies of the Exchange.
Timeless Capital Corp. (TLC.P) opened trading at C$0.10.