(TheNewswire)
July 26, 2024 – TheNewswire – Vancouver, British Columbia – Right Season InvestmentsCorp. (TSXV: LITT ), (“ Right Season ” or the “ Company ”) announces that it proposes to complete a non-brokered private placement (the“Offering”) of up to 2,173,913 units of the Company (the “Units”) at a price of $0.92per Unit, for gross proceeds of up to $2,000,000. Each Unit willconsist of one common share (“Share”) of the Company and onecommon share purchase warrant (“Warrant”). Each Warrant willentitle the holder, on exercise, to purchase one Share for a period offorty-eight months following the closing date of the Offering at theexercise price of $1.15 per Share.
Net proceeds from the Offering will be used to pursue potential investmentopportunities and for general working capitalpurposes.
In connection with the Offering, the Company may payfinders’ fees and/or issue finders’ warrants on the same terms asthe Warrants, to eligible parties who have assisted by introducingsubscribers to the Offering.
The Company will issue common shares of the Company toAmalfi Corporate Services Ltd., an arm’s length third-party, equalto 1% of the aggregate Units issued, in consideration foradministrative services rendered in support of the Offering.
All securities to be issued in connection with theOffering will be subject to a four-month-and-one-day statutory holdperiod in accordance with applicable securities laws and, asapplicable, the TSX Venture Exchange hold period. Completion of theOffering remains subject to the approval of the TSX Venture Exchange.The Units will be offered pursuant to exemptions from the prospectusrequirements.
About Right Season Investments Corp.
Right Season Investments Corp. is a Canadian VentureCapital, Investment and Advisory Firm that strives to actively driveinnovation and accelerate growth for its shareholders. Right Seasoninvests capital into private and public companies that offer excellentgrowth opportunities.
Contact:
Tyler Lewis, Director and CEO
Email: investor@rightseasoninvestmentscorp.com
Cautionary and Forward-LookingStatements
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accept responsibility for theadequacy or accuracy of this release.
This news release contains“forward-looking information” within the meaning of applicablesecurities laws, including statements in respect of the Offering anduse of proceeds. Although the Company believes that the expectationsreflected in the forward-looking information are reasonable, there canbe no assurance that such expectations will prove to be correct.Readers are cautioned not to place undue reliance on forward-lookinginformation. Such forward-looking statements are subject to risks anduncertainties that may cause actual results, performance anddevelopments to differ materially from those contemplated by thesestatements depending on,among other things, that the Company's plans and prospects will varyfrom those stated in this news release and that the Company may not beable to carry out its business plans as expected. Except as requiredby law, the Company expressly disclaims any obligation and does notintend to update any forward-looking statements or forward-lookinginformation in this news release. Although the Company believes thatthe expectations reflected in the forward-looking information arereasonable, there can be no assurance that such expectations willprove to be correct. Accordingly, readers should not place unduereliance on forward-looking information. The statements in this newsrelease are made as of the date of this release.
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