Inturai Ventures Closes $941K First Tranche of Private Placement at $0.15/Unit
URAIF has more than doubled off its 52-week low of $0.015.
Summary
Inturai Ventures closed the first tranche of its non-brokered private placement, issuing 6,273,331 units at $0.15 each for gross proceeds of $940,999.65. Each unit includes one common share and one warrant exercisable at $0.25 for 24 months, with accelerated expiry if the stock trades at or above $0.35 for five consecutive days. The company expects to close the remaining tranches of the up to $1.275 million offering in the coming weeks. Proceeds are earmarked for R&D, business development, and working capital. This financing follows the recent definitive agreement to acquire DomeCommand, providing capital to support that strategic move.
At the time of this announcement, URAIF was trading at $0.09 on OTC in the Technology sector, with a market capitalization of approximately $11.4M. The 52-week trading range was $0.02 to $0.37. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: PR Newswire.