INTURAI VENTURES ANNOUNCES PRIVATE PLACEMENT
Rhea-AI Summary
Inturai Ventures (CSE: URAI, OTC: URAIF, FSE: 3QG0) announced a non-brokered private placement of up to 8,500,000 units at $0.15 per unit, for maximum gross proceeds of $1,275,000. Each unit will include one common share and one warrant.
Each warrant allows purchase of an additional share at $0.25 for 24 months after closing and is subject to accelerated expiry if the share price trades at or above $0.35 for five consecutive days, triggering a 30‑day exercise window. According to the company, proceeds are expected to fund research and development, business development and working capital.
The offering uses the Listed Issuer Financing Exemption in Canadian provinces (excluding Quebec) and certain other jurisdictions, making the units immediately free-trading under Canadian law. Inturai may pay qualified finders up to 6% cash and 6% non-transferable finders’ warrants, subject to regulatory approvals.
Positive
- Private placement up to $1,275,000 through 8,500,000 units at $0.15
- One full warrant per unit exercisable at $0.25 for 24 months
- Immediate free-trading units under Canadian law via Listed Issuer Financing Exemption
- Use of proceeds earmarked for R&D, business development and working capital
Negative
- Potential dilution from up to 8,500,000 new shares plus associated warrants
- Finder compensation up to 6% cash and 6% finders’ warrants increases capital-raising cost
- Offering completion remains subject to receipt of required regulatory approvals
AI-generated analysis. How Rhea-AI works. Not financial advice.
(CSE: URAI / OTC: URAIF / FSE: 3QG0)
investor@inturai.com
Highlights
- Inturai launches a financing of up to
through a non-brokered private placement of up to 8,500,000 units at$1,275,000 per unit.$0.15 - Each unit includes one common share and one full warrant, providing investors with additional participation in the Company's future growth.
- Proceeds are expected to be used for research and development, business development and general working capital purposes.
The Company expects to utilize the proceeds of the Offering for research and development, business development and general working capital purposes.
The Units to be issued under the Offering will be 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
There is an offering document (the "Offering Document") related to this Offering that can be accessed under the Company's profile at www.sedarplus.ca and at the Company's website at www.inturai.com. Prospective investors should read this Offering Document before making an investment decision.
In connection with completion of the Offering, the Company may pay finders' fees to eligible third-parties who have introduced subscribers to the Offering. Completion of the Offering remains subject to receipt of regulatory approvals. Such finder's fees may consist of: (i) a cash fee equal to up to
This press release is not an offer to sell or the solicitation of an offer to buy the securities in
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", "anticipate", "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; closing of the Offering; and filing of the Offering Document. 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.