INTURAI VENTURES ANNOUNCES CLOSING OF FINAL TRANCHE OF PRIVATE PLACEMENT
(CSE: URAI / OTC: URAIF / FSE: 3QG0)
investor@inturai.com
Highlights
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The Company has completed the second and final tranche of its previously announced non-brokered private placement, issuing 151,427 Units at a price of
$0.15 per Unit for gross proceeds of$22,714.05 . -
The Company has issued and sold an aggregate of 6,424,758 Units for aggregate gross proceeds of
$963,713.70 pursuant to the full Offering.
Each Unit consists of one common share of the Company (each, a "Share") and one share purchase warrant (each, a "Warrant"). Each Warrant entitles the holder to acquire an additional common share of the Company at a price of
The Units issued under the Offering were offered for sale pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions (the "Listed Issuer Financing Exemption"), in each of the provinces of
In connection with closing of the first tranche of the Offering, the Company paid
This press release is not an offer to sell or the solicitation of an offer to buy the securities in
The Amended and Restated Offering Document (the "Offering Document") related to this Offering can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at www.inturai.com. Prospective investors should read this Offering Document before making an investment decision.
About Inturai Ventures
Inturai Ventures is advancing intelligent environments with cutting-edge AI technologies, transforming industries such as healthcare, military, smart homes, and industrial applications.
For more information, visit www.inturai.com.
On behalf of the Board of Directors
Ed Clarke, CEO
Inturai Ventures Corp.
Email: investor@inturai.com
Phone: (+1) 604 339-0339
Forward-Looking Statements
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements are frequently characterized by words such as "anticipates", "plan", "continue", "expect", "project", "intend", "believe", "estimate", "may", "will", "potential", "proposed", "positioned" and other similar words, or statements that certain events or conditions "may" or "will" occur and include, but are not limited to, statements with respect to the intended use of proceeds from the Offering. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to general business, economic, competitive, political and social uncertainties, uncertain capital markets; and delay or failure to receive board or regulatory approvals. The reader is cautioned that the assumptions used in the preparation of the forward-looking statements may prove to be incorrect and the actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits, including the amount of proceeds, the Company will derive therefrom. Readers are cautioned that the foregoing list of factors is not exhaustive. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
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SOURCE INTURAI VENTURES CORP.