BULLETIN V2024-0768
INEO TECH CORP. ("INEO")
BULLETIN TYPE: Private Placement - Non-Brokered, Convertible Debenture
BULLETIN DATE: March 12, 2024
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on January 12, 2024:
Convertible Debenture $570,000
Conversion Price: Convertible into a maximum of 6,705,882 common shares at $0.085 per share during the first year and at $0.10 per share for the second and third years.
Maturity date: Three years from issuance
Interest rate: 12% per annum
Number of Placees: 16 placees
Insider / Pro Group Participation:
Placees # of Placee (s) Aggregate # of Shares
Aggregate Existing Insider Involvement: 1 1,247,058
Aggregate Pro Group Involvement: 3 1,652,939
Aggregate Cash Amount Aggregate #
of Shares Aggregate #
of Warrants
Finder's Fee: $29,120 N/A 342,586
Finder's Warrants Terms: Each warrant entitles the holder to purchase one common share at the price of $0.085 for a three-year period.
The Company issued a news release on January 31, 2024, and February 16, 2024, confirming the closing of the private placement.
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