FTI Announces $100,000 Private Placement
01 December 2021 - 6:07AM
FTI Foodtech International Inc. (TSXV: FTI)
("FTI" or the "Company") announces that it has
closed a private placement for $100,000.
The private placement is a non-brokered offering
of 1,000,000 units of the Issuer, (the “Units”), at a price of
$0.10 per Unit. Each Unit is comprised of one Common Share and one
common share purchase warrant (a “Warrant”), each Warrant being
exercisable to acquire one Common Share at a price of $0.40 per
Common Share for a period of one (1) year following the closing
date of the private placement. The certificates may not be sold,
transferred, hypothecated or otherwise traded on or through the
facilities of TSX Venture Exchange or otherwise in Canada or to or
for the benefit of a Canadian resident until April 1, 2022.
The proceeds will be used for costs to evaluate
opportunities for the company, to cover the company’s operating
expenses and to reduce company debt.
ON BEHALF OF THE BOARD OF
DIRECTORS
William Hullah, PresidentT : (416) 444-1058E :
info@fti-foodtech.com
The TSX Venture Exchange Inc. has not approved the
contents of this press release. Neither TSX Venture Exchange nor
its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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