KMT-Hansa Corp. Completes Private Placement
KMT-Hansa Corp. is thrilled to share that it has successfully closed a private placement, offering a total of 10,008,714 units. Each unit was priced at $0.035, culminating in total gross proceeds of $350,305. The units consist of one common share along with one-half of a common share purchase warrant. This strategic move reflects KMT-Hansa's commitment to enhancing its financial position.
Details of the Private Placement
As part of this offering, a whole warrant grants its holder the ability to purchase one common share at an exercise price of $0.05. The warrants are valid for purchase until 5:00 p.m. on a specified future date in 2025, providing flexibility and a potential opportunity for growth for investors.
Finder’s Fees and Usage of Proceeds
KMT-Hansa has also compensated an arm’s length third party with finder’s fees totaling $34,100 in cash. This demonstrates the Corporation's eagerness to foster partnerships that enhance its market positioning.
Future Plans with Raised Capital
The net proceeds from this private placement will be strategically allocated towards general working capital. This underscores KMT-Hansa's proactive approach in preparing for future ventures and operational needs.
Contact Information
If you wish to learn more about this development or the company itself, feel free to reach out to Jay Vieira, Director and Chief Executive Officer. He can be contacted through email at kmthansa@gmail.com, ensuring that any questions or additional inquiries are promptly addressed.
Frequently Asked Questions
What is the purpose of KMT-Hansa's private placement?
The private placement allows KMT-Hansa Corp. to raise funds for general working capital, ensuring the company’s operational needs and growth strategies can be met.
How many units were issued in this private placement?
KMT-Hansa Corp. issued a total of 10,008,714 units as part of this private placement.
What are the terms of the warrants issued?
Each whole warrant permits the holder to purchase one common share at an exercise price of $0.05, valid until 5:00 p.m. on a specified date in 2025.
What fees did KMT-Hansa incur during this private placement?
The Corporation paid $34,100 in finder’s fees to an external third party associated with the issuance of the units.
Who can I contact for more information about KMT-Hansa?
For additional inquiries, Jay Vieira, the Director and Chief Executive Officer, is available at kmthansa@gmail.com.
