on Right Seasons Investments (CVE:LITT)
Right Season Investments Updates Private Placement Terms
Vancouver-based Right Season Investments Corp. (TSXV:LITT) has revised the terms of its non-brokered private placement initially announced on August 29, 2025. The offering will now feature up to 800 unsecured convertible debentures at $1,500 each, aiming for total gross proceeds of $1.2 million.
Investors can convert each debenture into company units at $0.07 per unit, with each unit comprising one common share and 0.6 of a share purchase warrant. The warrants permit holders to buy additional shares at $0.07 within 48 months from issuance. Debentures carry an annual 5.45% interest, payable quarterly in cash, and mature on June 30, 2026.
The funds are earmarked for potential investments and general capital needs. Completion of the offering depends on TSX Venture Exchange approval, with securities subject to a four-month-and-one-day hold period.
R. H.
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