AlphaGen Secures Funding: $195,000 Private Placement Announced
AlphaGen Announces Private Placement for Future Growth
AlphaGen Intelligence Corp. is excited to share an important announcement regarding its latest funding initiative. The company, known for its innovative approach in the gaming and entertainment sectors, is proceeding with a non-brokered private placement offering aimed at raising up to $195,000. This strategic move is designed to bolster the company’s ongoing projects and expansion efforts.
Details of the Private Placement Offering
The current offering will encompass up to 2,437,500 units. Each unit, priced at $0.08, will consist of one common share and a share purchase warrant. The warrants will grant investors the opportunity to purchase additional shares at an exercise price of $0.12, exercisable for two years following their issuance.
The funds generated from this private placement will primarily be directed toward general working capital, ensuring that AlphaGen can effectively continue its operations and expansion strategies. Notably, all securities issued will be subject to a four-month hold period, grounding them in regulatory compliance.
Regulatory Considerations
As is customary in such offerings, AlphaGen's closing of the offering remains contingent upon certain conditions, including the essential regulatory approvals from the Canadian Securities Exchange. The anticipated closing date is around mid-May, depending on the fulfillment of these preconditions.
About AlphaGen Intelligence Corp.
AlphaGen Intelligence Corp., publicly traded on the CSE under the ticker AIC, as well as on other platforms as APETF and W4V, is pioneering advancements in gaming and related sectors. Through companies like Shape Immersive, AlphaGen builds state-of-the-art solutions that merge the metaverse with retail experiences for leading brands in various industries.
Innovative Partnerships and Projects
AlphaGen collaborates with a multitude of recognized entities, including RTFKT, Red Bull, and TED, to enhance interactive experiences. Their portfolio exemplifies a commitment to developing cutting-edge technology in eCommerce and entertainment, promising unique experiences for users globally.
Contacting AlphaGen
For inquiries, AlphaGen provides direct lines through their Investor Relations at info@alphagen.co or by phone at 604 359 1256. Media inquiries can be addressed to the same email for comprehensive and prompt responses.
Frequently Asked Questions
What is the total amount AlphaGen aims to raise through this offering?
The company is looking to raise up to $195,000 through the private placement.
What will AlphaGen do with the proceeds from the offering?
The funds will be primarily used for general working capital purposes to support ongoing and future projects.
What does each unit in the private placement consist of?
Each unit includes one common share and one share purchase warrant allowing purchase of additional shares at a specified price.
When is the expected closing date for the offering?
The expected closing date is around mid-May, pending necessary regulatory approvals.
How can I learn more about AlphaGen's projects?
For more information, you can visit AlphaGen's official website or reach out via the provided contact details.
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