on PowerBand Solutions Inc. (isin : CA73934B4001)
PowerBand Announces Closing of the Second Tranche of Private Placement
PowerBand Solutions Inc. (TSXV:PBX)(OTC Pink:PWWBF)(Frankfurt:1ZVA), a fintech company specializing in automotive trading and financing technology, has announced the completion of the second tranche of its non-brokered private placement. The company issued 77,133,330 common shares at a price of CAD$0.015 per share, raising gross proceeds of CAD$1,157,000.
The total proceeds from this tranche, combined with CAD$1,040,000 from the first tranche closed on April 26, 2024, will fund growth initiatives and general corporate purposes, including lease origination. All securities issued are subject to statutory hold periods.
R. P.
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