KMT-Hansa Closes Private Placement
23 Octobre 2024 - 11:30PM
KMT-Hansa Corp. (the “Corporation”) is pleased to announce that,
further to its press release dated September 27, 2024, the
Corporation issued an aggregate of 10,008,714 units (the “Units”)
of the Corporation at a price of $0.035 per Unit for aggregate
gross proceeds of $350,305. Each Unit is comprised of one (1)
common share and one-half (½) of one common share purchase warrant
(“Warrant”). Each whole Warrant entitles the holder thereof to
purchase one (1) common share at an exercise price of $0.05 per
Warrant at any time until 5:00 p.m. on October 21, 2025.
In connection with the issuance of the Units,
the Corporation paid a finder’s fees of $34,100 in cash to an arm’s
length third party.
The securities issued pursuant to the private
placement are subject to resale restrictions expiring February 22,
2025. The Corporation intends to use the proceeds for general
working capital.
For further information please contact:
Jay VieiraDirector and Chief Executive
Officer
Email: kmthansa@gmail.com
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.
Forward Looking Statements
This news release contains “forward-looking
statements” within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and applicable Canadian
securities legislation. Generally, these forward-looking statements
can be identified by the use of forward-looking terminology such as
“plans”, “anticipated”, “expects” or “does not expect”, “is
expected”, “budget”, “scheduled”, “estimates”, “forecasts”,
“intends”, “anticipates” or “does not anticipate”, or “believes”,
or variations of such words and phrases or state that certain
actions, events or results “may”, “could”, “would”, “might” or
“will be taken”, “occur” or “be achieved”. KMT-Hansa is subject to
significant risks and uncertainties which may cause the actual
results, performance or achievements to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking statements contained in this
release. KMT-Hansa cannot assure investors that actual results will
be consistent with these forward-looking statements and KMT-Hansa
assumes no obligation to update or revise the forward-looking
statements contained in this release to reflect actual events or
new circumstances.
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