NFT Tech Announces Closing of First Tranche of Private Placement
밴쿠버, 브리티시 컬럼비아 – (BUSINESS WIRE) –$ NFT # 페이스 북-엔에프티테크놀로지스 (NEO: NFT | 프랑크푸르트: 8LO | OTCQB: NFTFF) (“NFT Tech” 또는 “회사”),a leading technology company partnering with top-tier brands to accelerate their entry into the world of web3 through innovative technologies and unparalleled creativity, is pleased to announce it has closed the first tranche of the previously announced non-brokered private placement dated February 24, 2023, raising gross proceeds of $350,000 through the issuance of 7,000,000 units at a price of $0.05 per unit (“Tranche One Financing”). Each unit consists of one common share (each a “Common Share”) of the Company and one-half of one purchase warrant (each whole warrant, a “Warrant”). Each whole Warrant is exercisable into one Common Share at the price of $0.10 per share (the “Warrant Share Price”) for a period of six months following the closing of the Private Placement. An insider of the Company participated in the Tranche One Financing and acquired 1,000,000 units (“Insider Participation”), and is considered to be a related party transaction within the meaning of Multilateral Instrument 61-101 (“MI 61-101”). The Company relied on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in Sections 5.5(a)